Bitcoin fell toward $59,700 on June 25, shattering a critical support level that had held firm for nearly two years.
The move marks the first time the asset has traded below the $60,000 threshold since October 2024, signaling a deepening downturn in the digital asset market.
Ether suffered even steeper losses, routing to a new low for 2026 as selling pressure broadened across the sector.
The decline occurred despite a friendlier tone in traditional equity markets, highlighting a growing decoupling between crypto and risk assets.
While stocks found support, investors rotated out of digital currencies, suggesting that crypto-specific headwinds are now driving price action rather than broader macro sentiment.
This divergence challenges the narrative that crypto moves in lockstep with tech-heavy equity indices.