Bitcoin Crashes to $58,035 on June 25, Wiping $40 Billion From Crypto Markets in 24 Hours

On June 25, Bitcoin fell to an intraday low of $58,035 with $40 billion flowing out of the crypto ecosystem in 24 hours, according to Bitcoin.com News. The Crypto Fear and Greed Index (CFGI) dropped to 12, signaling extreme fear among traders. Despite a brief recovery above $59,000, BTC continues to face persistent selling pressure.

Analysts predict further downside, with prediction market Myriad assigning a 76.8% probability that Bitcoin reaches $55,000 before climbing to $84,000. S2F model creator PlanB forecasts BTC will find its bottom below the realized price of approximately $53,000, while other analysts suggest a potential floor between $42,000 and $44,000.