Bitcoin slides to $60,000 as crypto loses half its value
Bitcoin is trading near $60,000, almost half its October 2025 record. Ethereum has fallen below $2,000, and crypto market value is down by about two trillion dollars from its peak.
- On June 28 Bitcoin is trading near $60,000, down about 5.8 percent over the past seven days.
- Against its October 2025 record of $126,080, the drop is roughly 50 percent.
- Ether has broken below the $2,000 mark and trades near $1,700, about 65 percent under its record.
- Total crypto market value is down about 48 percent from its peak, an outflow of some two trillion dollars.
As of June 28, Bitcoin is trading near $60,000, down about 5.8 percent over the past seven days. That is almost half the record of $126,080 set in October 2025, meaning the best known cryptocurrency has erased roughly half its value in a little over six months.
The slide has not been confined to Bitcoin. Ether (Ethereum) has broken below the psychological $2,000 mark and is trading near $1,700, about 65 percent under its own record. The total market value of the crypto sector is down about 48 percent from its peak, an outflow of some two trillion dollars from the entire asset class. It is one of the deepest corrections since the so-called crypto winter of 2022.
What knocked crypto down?
Three forces overlap. The first is monetary policy. The US Federal Reserve has kept a hawkish tone because of stubborn inflation, and the odds of a near term rate cut have thinned. High rates make borrowing more expensive and make the yield on government bonds more attractive than a non-yielding asset such as Bitcoin. When the risk-free rate rises, speculative assets are the first to suffer.
The second force is an institutional exit. Bitcoin ETFs have logged a record run of thirteen straight days of outflows, meaning large players are pulling capital out rather than putting it in. Those same funds drove prices higher last year, so their reversal amplifies the fall. The third force is geopolitical tension, which pushes investors toward the dollar and gold and away from riskier holdings.
For small investors in Serbia, this is the second point that matters. Many entered crypto at the top in late 2025, when headlines were promising fresh records. Anyone who bought Bitcoin at $120,000 is now looking at a paper loss of about half their stake. That is not a theoretical figure: it is the real gap between the entry price and today’s market price.
How should you act in a downturn?
The history of crypto cycles shows that sharp rallies are followed by equally sharp drops, and that the bottom is hard to call. The cautious rule is simple: only money you can afford to lose without consequences for the household budget belongs in this asset class. Borrowed money, savings meant for a home or medical care, or capital staked in the hope of a quick double are the worst combination in this environment.
It is also worth separating two kinds of fear. One is the fear of further losses, which drives people to sell at a loss right at the bottom. The other is the fear of missing out, which drew many in at the top. Both are poor advisers. A sober approach means a plan set in advance, a clear loss limit you are willing to bear, and the awareness that crypto is not savings with a guaranteed return, but a high-risk bet.
The open question is whether $60,000 is the bottom of this cycle or just a stop on the way down. No one knows for certain, and anyone who claims otherwise is selling you a story, not a fact.
Would you buy Bitcoin at $60,000 today, or wait for the market to settle?
