Bitcoin falls below 60,000, its worst week of 2026
Bitcoin slipped under 60,000 dollars on June 10, its lowest level since October 2024, capping the worst week of 2026 with record ETF outflows.
- Bitcoin opened June 10 near 61,700 dollars and fell to about 60,900, its lowest level since October 2024.
- The weekly drop is roughly 7.5 percent and the monthly drop about 23 percent, while ether fell to around 1,615 dollars.
- The Fear and Greed Index sits at 12, deep in extreme-fear territory, with some 1.75 billion dollars liquidated in 24 hours.
- Spot bitcoin ETFs logged outflows of roughly 2.8 to 3.5 billion dollars, among the largest weekly outflows on record.
How much further can it fall? That is the question on the mind of anyone holding a crypto wallet today. Bitcoin broke below the 60,000-dollar line on June 10, opening near 61,700 and sliding to about 60,900, its lowest point since October 2024. This was not just a bad session. It capped the worst week bitcoin has had in all of 2026.
The numbers speak for themselves. Over seven days the price fell about 7.5 percent, and over a month roughly 23 percent. Ether, the second-largest cryptocurrency, dropped to around 1,615 dollars. As recently as June 5, bitcoin briefly touched about 59,100 dollars, falling below its 200-week moving average for the first time since June 2022, a line many traders treat as the boundary between a healthy market and a serious breakdown.
What pushed the price under 60,000?
It was not one cause but three, all landing in the same week.
The first is geopolitics. Escalation in the Middle East sent investors fleeing risk, and crypto is the first thing to suffer when markets take fright. When tomorrow is uncertain, money runs to safer harbors, not to an asset that can drop 10 percent overnight.
The second is the money that never arrived. For months, traders had priced in a near-term rate cut, since cheaper money usually nudges people toward riskier bets. When that cut was pushed back, a chunk of that expected capital simply vanished from the math.
The third, and perhaps the most painful for crypto, is the rotation into artificial intelligence. Large players are steering more and more cash into AI-linked companies and funds, so bitcoin is losing some of the attention it took for granted for years.
Together the three triggered an avalanche. In just 24 hours, roughly 1.75 billion dollars in positions were liquidated, meaning traders betting on a rise were forcibly flushed out, and each such liquidation drives the price lower still.
What does this mean for Serbian investors?
First, that panic has a price. The Fear and Greed Index, which gauges market mood, fell to 12, deep into extreme fear. When so many people sell at once, the selling feeds on itself, and those who buy in that moment often buy at the peak of their own nerves.
The second signal is the ETFs. For the past two years they have been the main channel feeding fresh money into bitcoin. Now that flow has reversed, with outflows of roughly 2.8 to 3.5 billion dollars in a single week, among the largest in these funds’ history. In other words, the same machine that drove the price up for years is now pulling it down.
For the average investor in Serbia, who most likely got in through a local exchange or a foreign platform, the message is calm and simple. Drops like this are nothing new and crypto has survived them before, but there has never been a guarantee that the price snaps back quickly. The rule stays the same: do not put in money you need next week, and do not make decisions while the fear gauge is blinking red.
What sets this drop apart from earlier ones is the breadth of the pressure. When geopolitics, a missing rate cut, and an exodus of institutional money line up at once, that is not daily noise but a shift in mood that can linger.
For you, is bitcoin below 60,000 dollars a buying opportunity or a sign that it is time to be cautious?
