Bitcoin Fell Below $60,000 Amid ETF Outflows and a Stronger Dollar — Fixygen Review

26.06.2026    15:25

The cryptocurrency market is ending the week on a down note: Bitcoin has once again fallen below the psychological $60,000 level, Ether has approached $1,550, and most major altcoins are trading under pressure amid capital outflows from crypto ETFs, harsher expectations regarding Fed interest rates, and a strengthening dollar.

As of Thursday and Friday, Bitcoin was trading around $59,200, down approximately 3% over the past 24 hours. The intraday low was around $58,200. Ether fell toward $1,550, losing about 5.5% on the day, while Solana held steady around $68–69.

The week marked a continuation of June’s weak performance. Earlier this month, Bitcoin was trading above $70,000, but the market then faced a series of negative factors: record or near-record outflows from U.S. spot Bitcoin ETFs, increased appeal of stocks in companies related to artificial intelligence, a strengthening dollar, and deteriorating sentiment surrounding major corporate Bitcoin holders.

This week, the pressure intensified after Bitcoin once again fell below $60,000. CoinDesk noted that the cryptocurrency’s decline is occurring even amid periodic gains in other risky assets, as capital continues to flow into the technology and AI segments of the stock market. According to CoinDesk, Deutsche Bank attributed Bitcoin’s drop below $60,000 to the Fed’s hawkish rhetoric, outflows from ETFs, and concerns surrounding companies with high Bitcoin exposure.

Ethereum has also failed to serve as a safe-haven asset within the crypto market. Trading at around $1,550, the second-largest cryptocurrency by market capitalization remains under pressure alongside the broader market. Ether’s decline indicates that investors are currently reducing their exposure to crypto assets in general, not just Bitcoin.

Solana appeared slightly more resilient intraday, but the overall sentiment for altcoins remains weak. When Bitcoin falls below key levels, investors typically reduce their positions in riskier tokens faster than in the market’s core assets.

The dynamics of spot Bitcoin ETFs in the U.S. remain a separate factor. In June, the market already experienced several waves of outflows from these funds, which had previously been one of the main sources of demand for Bitcoin. When ETFs stop supporting the market with inflows, Bitcoin becomes more sensitive to macroeconomic data, yields, the dollar, and overall risk appetite.

Globally, cryptocurrencies are now competing for capital not only with traditional assets but also with the AI sector. Reuters previously noted that investors are increasingly shifting funds toward AI-related stocks and anticipated major IPOs, while bitcoin is off to one of its weakest starts to the year in the past decade.

Through the end of the week, the key technical level for Bitcoin remains the $58,000–$60,000 range. Holding this range could give the market a chance to stabilize, but a sustained move below $58,000 would reinforce expectations of a further decline. In this case, the next area of focus could be $55,000, which some analysts view as a potential level for a local bottom to form.

The base case scenario for the coming days is heightened volatility and cautious attempts at stabilization following the sharp decline. For a sustainable recovery, the market will need a combination of several factors: an end to outflows from ETFs, a weaker dollar, moderated expectations regarding Fed interest rates, and a return of risk appetite for crypto assets.

For now, the crypto market remains in defensive trade mode: investors prefer to reduce their exposure, cut their losses, or wait for new signals from ETF flows and the U.S. macroeconomy.

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