Bitcoin is down 54% from its October peak, signaling reduced confidence; dip to $56K by July 1 at 7.9% YES.

Bitcoin dropped to $58,131, a 21-month low, as rising interest rates, ETF outflows, and concerns about Strategy's massive BTC holdings rattled crypto

Bitcoin plunged to $57,742 in Asia trading, marking its lowest since September 2024, as rate-hike fears drive a prolonged downturn below key technical levels.