Will Bitcoin Fall Below $50,000?
Bitcoin (CRYPTO: BTC) momentarily dipped below $60,000 on June 5 for the first time since October 2024, and roughly half of every Bitcoin in circulation is held at a loss. That's doubtlessly adding a splash of panic to the market's quite sour mood toward crypto; now priced at about $64,000, the coin is 49% down from its October all-time high near $126,000.
At the same time, spot exchange-traded funds (ETFs) saw net capital outflows of $1.7 billion in the trading week ending June 5, making it the worst stretch for outflows since February 2025. To make matters worse, even the largest corporate Bitcoin holder, Strategy, formerly known as MicroStrategy, just made its first sale since 2022.
Investors are now openly worrying that the coin might fall even further. So are these concerns well-grounded, or is this another case of investors extrapolating a sharp decline because their momentary emotions are at a low point?
Source Fool.com
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