---
title: "Why Did Bitcoin Price Crash Below $60,000?"
url: https://thecoingazette.com/why-did-bitcoin-price-crash-below-60000/
date: 2026-06-25
modified: 2026-06-25
author: "Coin Gazette Editorial"
description: "The post Why Did Bitcoin Price Crash Below $60,000? appeared first on Coinpedia Fintech News Bitcoin crashed below $60,000 on Wednesday, hitting its lowest level in 21 months as a..."
categories:
  - "Bitcoin"
  - "Crypto News"
  - "News"
tags:
  - "Bitcoin"
  - "Crypto News"
  - "News"
image: https://thecoingazette.com/wp-content/uploads/2026/06/why-did-bitcoin-price-crash-below-60000.webp
word_count: 71
---

# Why Did Bitcoin Price Crash Below $60,000?

![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 Did Bitcoin Price Crash Below $60,000?](https://coinpedia.org/news/why-did-bitcoin-price-crash-below-60000/) appeared first on [Coinpedia Fintech News](https://coinpedia.org)

Bitcoin crashed below $60,000 on Wednesday, hitting its lowest level in 21 months as a hotter than expected U.S. inflation report triggered a brutal selloff across every risk asset simultaneously.  Within 27 minutes of the stock market opening, the Nasdaq 100 fell 1,000 points and the S&P 500 erased $1 trillion in market value. Crypto …