Bitcoin price dropped to its lowest level in over 21 months, falling to around $57,950 on July 1, 2026, amid sustained selling pressure from U.S. spot Bitcoin ETFs, especially BlackRock’s iShares Bitcoin Trust. The market cap declined by about $15.1 billion in 24 hours, hovering near $1.2 trillion. Despite heavy outflows totaling $4.51 billion in June, Bitcoin whales have accumulated over 270,000 BTC recently, suggesting potential support. Analysts warn that if the $58,000 support fails, prices could drop to $40,000, but a rebound is possible if ETF selling eases.
The crypto ETF market is becoming more selective, with Bitcoin remaining the dominant asset despite weaker demand and price declines. Investors favor low-cost Bitcoin ETFs like Grayscale's and Morgan Stanley's, while Ethereum ETFs face heavier outflo...
Bitcoin and Ether both reached their highest prices in seven weeks, with Bitcoin rising nearly 5% and Ether surpassing $1,900. Despite these gains, Bitcoin remains down about 24% and Ether about 35% year-to-date, reflecting ongoing volatility in the ...
