Bitcoin Price Hits Lowest Point of 2026, Fails to Recover from Institutional Buying

Bitcoin's price has been on a downward trend in recent weeks, and it appears that it has reached its lowest point yet in 2026. On Thursday, the cryptocurrency fell below $64,000, marking its worst weekly loss of the year so far.

The current price is sitting at a critical support zone, with analysts warning that if it falls below $60,000, it may not recover. This level has been identified as a key point of resistance by traders and analysts, who are closely watching the situation to see how it unfolds.

Despite institutional buyers accumulating over 1.24 million Bitcoin since the last time it was at this level, their efforts seem to be failing to prevent the decline. The current price is significantly lower than the $78,000 peak reached in late May, and sentiment among traders and investors has turned bearish.