Bitcoin has emerged as the worst-performing major asset class for Brazilian investors in the first half of 2026, losing more than 34% of its value between January and June, according to data from Infomoney.
The steep decline underscores a broad-based loss of confidence in the digital asset, which has struggled to find a floor amid persistent macroeconomic headwinds and shifting risk appetite.
Earlier this week, the world’s largest cryptocurrency collapsed to a 21-month low of $58,093, triggering a wave of liquidations and panic selling.
The repricing has been severe and sustained.
Earlier this week, the world’s largest cryptocurrency collapsed to a 21-month low of $58,093, triggering a wave of liquidations and panic selling.
While buyers have attempted to step in to defend critical technical levels, the momentum remains firmly to the downside, with the asset attempting to halt a severe selling spree that has erased billions in market capitalization.
Institutional demand has evaporated in tandem with retail sentiment.