Bitcoin’s (BTC) price has fallen again amid the larger financial crisis. Original crypto briefly fell to a price of $59,000, before rising back to a range around $60,000. CoinGecko’s Bitcoin data BTC’s fall of more than 20% over the last 30 days is shown. BTC previously fell below the $60,000 price mark in June 20, 2026. It is clear that BTC’s price has some resistance at around $59,000. Discuss why Bitcoin’s (BTC’s) price could face another crash.
Why another Bitcoin price crash?
Bitcoin (BTC), which corrected earlier in this month, came as inflation in the US rose to 4,2% in May of 2026. Federal Reserve decided to maintain interest rates at the same level to counter rising CPI figures (Consumer Price Index). Many expect the Federal Reserve will raise interest rates at some point this year. Investments that are less risky tend to be more profitable when rates rise.
You may also like: BlackRock Worries About Bitcoin After AI Stocks Outperform BTC in 2026
Bitcoin’s latest (BTC), price decline follows the correction of tech stocks. Massive outflows are being recorded by major tech firms. It is possible that the stock market’s decline has trickled down to cryptocurrency. After doubts began to creep in regarding the US-Iran deal, a correction occurred. Iran has pointed to Israel’s attack on Lebanon as the main reason for its decision. If a deal to end the conflict isn’t reached, crude oil prices will likely rise. A scenario like this will increase the pressures on an economy. Bitcoin (BTC), in such circumstances, takes a secondary role.
Does the Asset recover?
Bitcoin (BTC), may currently be at its lowest price. Anthony Scaramucci expressed a similar sentiment recently. Scaramucci claims that Bitcoin (BTC), following a four-year cycle, could reach $70,000 in July. If BTC follows its four-year cycles, the next high could be in 2029. This is four years after BTC’s 2025 peak.
The finalization of a US-Iran peace accord could be another factor to push Bitcoin’s value. Investor sentiment may be boosted by such a move.
“This article is not financial advice.”
“Always do your own research before making any type of investment.”
“ItsDailyCrypto is not responsible for any activities you perform outside ItsDailyCrypto.”
Source: watcher.guru
