Bitcoin2026-06-28 17:01:06Bitcoin Breaks Below $60K to 20-Month Low: ETF Outflows and Macro Pressure Fuel Market CrisisBitcoin dropped to $59,023 intraday, its lowest since October 2024, marking a fresh 20-month low. The 24-hour decline narrowed to about 3% as of writing, with the price recovering to around $60,600, while the 7-day loss stands at roughly 9%. This is the third time Bitcoin has fallen below the $60,000 threshold this year, but unlike previous episodes, the current sell-off is driven by sustained institutional capital exodus from U.S. spot Bitcoin ETFs—which recorded net outflows for six consecutive weeks totaling approximately $5.94 billion over 30 days—and a hawkish shift in macro expectations. The U.S. 4-month job openings surged to 7.62 million, exceeding estimates and pushing 10-year Treasury yields above 4.45%. Cleveland Fed President Beth Hammack hinted at potential rate hikes if inflation persists, and CME FedWatch now prices in a >50% probability of a rate hike by year-end. The market now awaits U.S. inflation data; a lower CPI could provide a breather, but if inflation remains sticky, Bitcoin's ability to hold the $60K support may determine the next direction of this bear phase.1490
Bitcoin2026-06-27 23:31:11Bitcoin Crashes Below $60K, Hits 20-Month Low; Jokes Circulate of Dumping BTC for MicronBitcoin has fallen below $60,000 again, reaching its lowest level in 20 months. Market sentiment is extremely bearish, with some investors joking about selling BTC to buy Micron stock. The decline extends a prolonged downturn, and analysts are eyeing key support levels and macro factors.1390
