Bitcoin Tumbles to 21-Month Low Amid Interest Rate Pressure and Institutional Liquidation

Bitcoin has plummeted to its lowest price in over 21 months, trading at nearly $58,980 on June 26, 2026.

This represents a staggering decline of more than 50% from its all-time high of $126,080 reached in October 2025.

The sudden drop has sent shockwaves through the crypto market, with many analysts warning that Bitcoin may fall further towards $48,000 if current support levels fail to hold.

One major reason behind this fall is the persistent high interest rates, which have kept U.S. inflation above 4% year-over-year, leading investors to flee from risky assets like cryptocurrency.