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Bitcoin trades near $60,000, down 52% from peak, with uncertain outlook between a bottom or further drop to $55,000.

Market News
29 Jun 2026
Crypto news
View Source
Neutral
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Bitcoin is trading around $60,000 as of June 2026, down about 52% from its all-time high near $126,000 reached late last year. The market is divided on whether this level marks a bottom supported by extreme fear, oversold momentum, and strong institutional demand, or if further declines to $55,000 or lower are likely due to broken technicals and a late-cycle correction phase. Key levels to watch are support at $58,100 and resistance at the 50-month moving average near $65,600, which will help determine the next trend. Analysts' year-end price forecasts vary widely from the low $40,000s to over $180,000, reflecting deep uncertainty about Bitcoin's near-term path.

More News (BTC)

Bitcoin dips below $59K amid record ETF outflows and extreme market fear

Bitcoin dips below $59K amid record ETF outflows and extreme market fear

Bitcoin has dropped from $60K to $59K, down 7.9% over the past week, driven by record outflows from spot Bitcoin ETFs that have already surpassed February 2025's $3.6 billion record. This challenges the idea that institutional ETF access would suppor...

Market News
Bearish
8 hours ago
Cryptocurrency prices show mixed movements with Bitcoin down 1.19% and Solana up 2.10%.

Cryptocurrency prices show mixed movements with Bitcoin down 1.19% and Solana up 2.10%.

Cryptocurrency markets experienced varied price changes, with Bitcoin falling 1.19% to $59,249 and Ethereum down 0.91% to $1,565.80. Meanwhile, Solana gained 2.10%, indicating selective strength in the market. These fluctuations reflect ongoing volat...

Market News
Neutral
9 hours ago
Bitmine reaches 94% of its goal to hold 5% of Ethereum supply and joins Russell 1000 index.

Bitmine reaches 94% of its goal to hold 5% of Ethereum supply and joins Russell 1000 index.

Bitmine Immersion Technologies has acquired 94% of its target to hold 5% of Ethereum's total supply, now owning 5.7 million ETH or 4.7% of all circulating Ethereum. The company also joined the Russell 1000 Large-cap Index, aiming to attract more inst...

Market News
Bullish
11 hours ago
Bitmine buys $43M in Ethereum amid crypto price drop, blames quarter-end 'window dressing' for weakness

Bitmine buys $43M in Ethereum amid crypto price drop, blames quarter-end 'window dressing' for weakness

Bitmine Immersion Technologies purchased 27,084 ETH worth about $43 million last week, increasing its holdings to 5.7 million ETH, nearly 4.7% of Ethereum's circulating supply. Despite the recent crypto price decline, Bitmine continues to accumulate ...

Market News
Neutral
11 hours ago
Cryptocurrency prices show mixed movements with Bitcoin near $59,876 and Ethereum around $1,574.

Cryptocurrency prices show mixed movements with Bitcoin near $59,876 and Ethereum around $1,574.

Cryptocurrency markets display varied price changes, with Bitcoin slightly down at $59,876 and Ethereum nearly unchanged at $1,574. Other coins like Solana and Avalanche show gains, while some tokens experience declines. These fluctuations reflect on...

Market News
Neutral
11 hours ago
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