Bitcoin has fallen to its weakest level in 21 months, trading near $58,600 after touching an intraday low of $58,120.
The sustained decline marks a significant break from weeks of relative stability, pushing the asset to its lowest valuation since mid-2024.
The sell-off reflects a combination of macro headwinds and sector-specific rotation.
According to Derstandard Econ, the Federal Reserve’s monetary policy stance continues to pressure risk assets, while capital flows away from digital currencies and into the broader artificial intelligence equity rally.
The narrative of Bitcoin as a safe-haven store of value has weakened as investors prioritize yield and growth in traditional tech markets.
This repricing comes after Bitcoin reached all-time highs in the autumn of 2025.