Bitcoin is having a tough year. Traders are betting it's going to get worse
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Source: CNBC
Published: 2026-06-25 21:45 UTC+10:00
Section: General
Factuality Score: 100
Opinion Category: Neutral
Topics: Economy & Finance, Financial Markets, Labour & Workers, Business & Economy, Technology
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Snippet:
Bitcoin futures tumbled Thursday to as low as $58,995, the lowest price since October 2024, bringing its drawdown from last year's high to about 52 percent. The biggest cryptocurrency has been battling with the $60,000 level all year - first in February, where it found support, then again the first two weeks of June, before a pop to over $67,000.Options traders are treating this break like it could be the tip of an iceberg.
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