Bitcoin crashes 50% from peak as bear market deepens in June

Bitcoin’s price has fallen sharply throughout June, dropping by double digits. The cryptocurrency now sits 50% below its October 2025 peak of $126,080. Analysts warn that the bear market may still have further to run before finding a floor. The current downturn marks Bitcoin’s latest cycle of declining drawdowns. In 2012, the cryptocurrency lost over 90% of its value during a bear market. Since then, each cycle has seen smaller pullbacks, with the latest drop reaching 50%.

Experts do not anticipate another 80% crash this time around. The growing involvement of institutional investors is seen as a stabilising factor. However, key levels like $60,000 remain critical, with potential retests of $55,000 or even $45,000 if selling pressure continues.

Several factors could influence how long the downturn lasts. ETF outflows, tighter monetary policies, and shifts in liquidity will play a major role. On the other hand, easing geopolitical tensions and rising ETF demand might help Bitcoin establish a bottom.

Not all cryptocurrencies will bounce back equally. While Bitcoin’s long-term outlook remains under scrutiny, individual altcoins will now be judged on their own fundamentals rather than broader market trends. Bitcoin’s price has halved since its record high, and further declines remain possible. The market’s next moves will depend on macroeconomic conditions, ETF flows, and investor sentiment. For now, traders are watching $60,000 as the first major test of support.