Bitcoin · Federal Reserve (FED) · Bitcoin ETF · Bitcoin Magazine
Bitcoin Price Drops Toward $61,000 as Bloodbath Engulfs Crypto Stocks
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Bitcoin price has fallen to around $61,500—down more than 50% from its October 2025 peak—dragging crypto-related stocks even lower in the broader market sell-off.
Key facts
- The company purchased 2,500 BTC for $185 million at an average price of $74,092, well above current levels, leaving it sitting on paper losses
- Spot Bitcoin ETFs have seen six consecutive weeks of net outflows totaling roughly $6 billion, with $2.4 billion leaving in June alone
- Strategy carries five series of preferred stock with combined annual dividend obligations estimated at $750–$800 million, and its cash reserves have fallen from $2.25 billion at the start of 2026
- Bitcoin price has fallen to around $61,500—down more than 50% from its October 2025 peak—dragging crypto-related stocks even lower in the broader market sell-off
Summary
Bitcoin price is trading near $61,500 today, extending a decline that has erased more than half its value since the token hit a record high in October 2025. The token fell to $61,877 earlier this week, its lowest level since June 11, before sliding further. Deutsche Bank attributed Bitcoin’s weakness to a convergence of institutional pressures. Spot Bitcoin ETFs have seen six consecutive weeks of net outflows totaling roughly $6 billion, with $2.4 billion leaving in June alone.