Bitcoin Falls Below $58,000 on June 30, Down 34% for 2026

According to Bloomberg, Bitcoin fell below $58,000 on June 30, marking its first drop under $60,000 since 2024 and extending 2026 losses to 34%. The close at $57,400 leaves BTC roughly 50% below its October 2025 all-time high of $126,000.

Forced liquidations wiped out $91.5 million in long positions over the preceding 24 hours. Bloomberg reported that Strategy Inc. (Nasdaq: MSTR), the largest corporate Bitcoin holder, faced investor backlash over a financing overhaul that signals flexibility to sell holdings. Additional pressure came from spot Bitcoin ETFs logging their eighth consecutive day of outflows and a Mt. Gox-linked wallet moving $953 million in BTC.