Crypto Market Downturn: Bitcoin Falls Over 50%, Altcoins Plummet by 90%

The cryptocurrency market has been experiencing a prolonged period of decline in 2026, with Bitcoin being one of the hardest-hit assets. In June, Bitcoin fell to $59,100, marking a loss of over 50% from its all-time high of $126,080.

Many altcoins have suffered even more severe losses, with some tokens like ICP, DOT, and ATOM plummeting by over 95%. This highlights the challenging environment for investors in the cryptocurrency space, where only a few assets are showing gains while others struggle to recover from their steep declines.