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Bitcoin falls below its 2024 election price, losing gains amid ETF outflows and market uncertainty.

Market News
07 Jun 2026
Cointribune
View Source
Bearish
pluang ai news

Bitcoin has dropped below its value on the day of the 2024 US election, trading around $60,619, which is 12.6% lower than its election price and nearly 52% below its all-time high. This decline follows a surge fueled by massive ETF inflows that peaked in early 2025 but have since reversed with significant outflows. Analysts warn that breaking the $60,000 support could lead to further declines toward $55,000, a key historical support level. The market faces pressure from geopolitical tensions, interest rate concerns, and shifting investor focus, signaling a cautious outlook for Bitcoin's near-term performance.

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