Market · June 25, 2026
Bitcoin plunges to a multi-year low near $58,000 on hot inflation
Price at event
$59,704
Today
$61,577
Since then
×1.0
On 2026-06-25, Bitcoin dropped about 5% to roughly $58,000 — its lowest since 2024 — after May PCE inflation ran hot (headline 4.1%, core 3.4%), gutting hopes for Fed rate cuts and lifting the dollar. More than $450M in leveraged longs were liquidated as multi-year support gave way. The macro backdrop, not any crypto-specific failure, was doing the damage.
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