Bitcoin fell to its lowest level since September 2024 on June 25 as a broad risk-off selloff continued to pressure cryptocurrencies and other speculative assets.
The latest decline comes after months of weakness across digital asset markets.
Despite growing institutional adoption and continued interest from major financial firms, Bitcoin has struggled to regain momentum as investors reduce exposure to risk assets.
Related: Nasdaq-listed firm makes a drastic move to go all in on Bitcoin
Bitcoin dropped below $59,000 on June 25, extending a sharp sell-off that has swept across the crypto market. The move pushed Bitcoin back to levels not seen since September 2024.
Historical market data shows Bitcoin traded around $58,100 on Sept. 13, 2024, making the current sell-off one of the deepest retracements since the asset reached record highs above $126,000 in October 2025.
The broader market also moved lower, with major altcoins posting steep losses as traders rushed to reduce risk exposure amid deteriorating sentiment.
Ethereum fell 5.7% to $1,548, while XRP dropped 5.1% to $1.02, according to market data at the time of writing.
CoinGlass data shows more than $1.4 billion worth of positions were liquidated over the past 24 hours, marking one of the largest liquidation events of 2026.
Market sentiment has also deteriorated sharply. The Crypto Fear & Greed Index fell to 13, placing the market firmly in "Extreme Fear" territory.
The reading suggests investors remain highly cautious as volatility accelerates and selling pressure intensifies.
This story was originally published by TheStreet on Jun 25, 2026, where it first appeared in the MARKETS section. Add TheStreet as a Preferred Source by clicking here.