---
title: "Why is Crypto Crashing Today?"
url: https://thecoingazette.com/why-is-crypto-crashing-today/
date: 2026-06-25
modified: 2026-06-25
author: "Coin Gazette Editorial"
description: "The post Why is Crypto Crashing Today? appeared first on Coinpedia Fintech News Bitcoin touched $58,035 on Thursday morning, its weakest level of 2026, as crypto markets continued their retreat..."
categories:
  - "Crypto News"
tags:
  - "Short News"
image: https://thecoingazette.com/wp-content/uploads/2026/06/why-is-crypto-crashing-today.webp
word_count: 69
---

# Why is Crypto Crashing Today?

![A cracked gold Bitcoin coin trapped inside a metal bear trap against a red declining chart.](https://image.coinpedia.org/wp-content/uploads/2026/06/04152512/crypto-crash-today-bitcoin-price-drops-below-61500-analysts-divided-1024x536.webp)The post [Why is Crypto Crashing Today?](https://coinpedia.org/crypto-live-news/why-is-crypto-crashing-today-3/) appeared first on [Coinpedia Fintech News](https://coinpedia.org)

Bitcoin touched $58,035 on Thursday morning, its weakest level of 2026, as crypto markets continued their retreat with $40 billion wiped from total market capitalisation in 24 hours, pushing the entire market dangerously close to slipping below the $2 trillion mark. The move has drawn attention from prominent analysts. PlanB, creator of the widely followed …