Bitcoin slipped back below $60,000 over the weekend of June 27–28 and is on track to end the first half of 2026 with a rare back-to-back quarterly loss: roughly 12% in Q2 after a 22% decline in Q1.
A late-June slide
- June 24: BTC fell more than 4% to about $59,548, its lowest point in nearly two years, as semiconductor and AI stocks sold off.
- June 24 ETF flows: spot bitcoin ETFs saw about $469 million in outflows in a single day.
- June 26: bitcoin briefly touched $58,000.
Record ETF outflows
U.S. spot bitcoin ETFs recorded a record net outflow of about $4.5 billion for June, while spot ether ETFs lost around $530 million. Notably, Hyperliquid spot ETFs logged net inflows for a second straight month — a sign institutions are becoming more selective rather than leaving crypto altogether.
Broad damage
BTC finished June down roughly 20% and ETH about 22%. More than 82% of top-100 assets declined, every tracked narrative posted negative median returns, and on-chain fees fell by about 45% on average. A hawkish Federal Reserve and a strong dollar compounded the pressure.
