Bitcoin’s price has hit one of its lowest levels in around 20 months, aside from a decline in February, trading at just over $61,000.
On June 5, bitcoin hit a low of around $61,193. The last time prices were trading at this level was on Feb. 6. The crypto was trading at $62,467 as of 7:20 a.m. EDT. Prices had risen for some time after the U.S.–Iran war broke out in February. Since hitting a recent peak of roughly $82,431 on May 10, bitcoin has fallen by more than 24 percent.
The overall crypto market has been in a downward trend since October 2025. According to data aggregator Coingecko, the total crypto market cap fell from $4.37 trillion on Oct. 7, 2025, to $2.32 trillion on June 4, a loss of more than $2 trillion over about eight months….