{"id":74542,"date":"2026-06-25T15:56:45","date_gmt":"2026-06-25T15:56:45","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/bitcoin-crashes-to-58035-wiping-40-billion-from-crypto-ecosystem-in-24-hours\/"},"modified":"2026-06-25T15:56:45","modified_gmt":"2026-06-25T15:56:45","slug":"bitcoin-crashes-to-58035-wiping-40-billion-from-crypto-ecosystem-in-24-hours","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/bitcoin-crashes-to-58035-wiping-40-billion-from-crypto-ecosystem-in-24-hours\/","title":{"rendered":"Bitcoin Crashes to $58,035, Wiping $40 Billion From Crypto Ecosystem in 24 Hours"},"content":{"rendered":"<p><b>(Originally posted on : Bitcoin News )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"@container mb-[25px] rounded-sm overflow-clip py-0.5 pr-0.5 pl-2.5 bg-success-100\">\n<div class=\"flex flex-col gap-m overflow-clip rounded-[6px] !bg-success-10 p-3 @[420px]:p-m\">\n<h2 class=\"m-0 flex items-center gap-s text-[19px] !text-[#1c1c1c] md:text-[20px]\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"16\" height=\"10\" viewbox=\"0 0 16 10\" fill=\"none\" class=\"shrink-0 text-success-100\" aria-hidden=\"true\"><path d=\"M1 1.5h14\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><path d=\"M1 8.5h10\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><\/svg><span>Key Takeaways<\/span><\/h2>\n<ul class=\"m-0 flex list-none flex-col gap-m pl-0\">\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">PlanB sees BTC below $53K; fears of a $42K-$44K floor shape trader outlook.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Bitcoin hit $58,035 in 2026 as $40B left crypto markets and CFGI sank to 12.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Myriad gives a 76.8% chance of $55K before $84K, signaling bearish expectations.<\/span><\/li>\n<\/ul>\n<\/div>\n<\/div>\n<h2>Crypto Market Slides Toward Dropping Under $2 Trillion as Bitcoin Bears Take Control<\/h2>\n<p> <span>Bitcoin<\/span> traders are bearing the weight of the latest market turbulence as <span>BTC<\/span> declined to an intraday low of $58,035 per coin. Although the price has clawed its way back above $59,000, it continues to face persistent selling pressure.<\/p>\n<figure id=\"attachment_826116\" aria-describedby=\"caption-attachment-826116\" style=\"width:1594px\" class=\"wp-caption aligncenter\"><figcaption id=\"caption-attachment-826116\" class=\"wp-caption-text\">Image source: Alternative.me\u2019s <span>Crypto<\/span> Fear and Greed Index (CFGI) on June 25, 2026, at 11:30 a.m. Eastern time.<\/figcaption><\/figure>\n<p>Sentiment across the community remains notably pessimistic, with alternative.me\u2019s <span>Crypto<\/span> Fear and Greed Index (CFGI) registering a reading of 12 today, firmly in \u201cextreme fear\u201d territory.<\/p>\n<p>This week, discussion intensified around the possibility of <span>BTC<\/span> establishing a floor near the $50,000 range, while some analysts are now floating projections as low as the $42,000 to $44,000 corridor. The latest pullback has prompted market participants across social media to weigh in with their perspectives. The well-known creator of the Stock-to-Flow model (S2F), the pseudonymous analyst PlanB, believes <span>BTC<\/span> will likely find its bottom below the leading <span>crypto<\/span> asset\u2019s realized price.<\/p>\n<p>\u201c <span>Bitcoin<\/span> will likely bottom BELOW Realized Price (~$53k), just like it did in EVERY previous <span>bear market<\/span>,\u201d PlanB <a href=\"https:\/\/x.com\/100trillionUSD\/status\/2070083656534704616?s=20\" target=\"_blank\" rel=\"noopener noreferrer\">said<\/a> on X, sharing a chart. \u201cRight now the grey Realized Price line has been glued to the black 200-week Geometric MA line since 2023.\u201d<\/p>\n<h2>BTC.TOP Founder Sees Lower Prices<\/h2>\n<p>Jiang Zhuoer, a Chinese <span>crypto<\/span> entrepreneur and the founder and CEO of <span>BTC<\/span>.TOP, also known as Liebit Mining Pool or B.TOP, which grew into one of the world\u2019s largest <span>bitcoin mining<\/span> pools by <span>hashrate<\/span> at the pool\u2019s height, believes the market has considerably more downside ahead.<\/p>\n<p> <iframe src=\"https:\/\/markets.bitcoin.com\/crypto\/bitcoin\/embed\" width=\"100%\" style=\"max-height:500px;height:500px;border:none;overflow:hidden;border-radius:4px\" scrolling=\"no\" title=\"bitcoin market data\"><\/iframe> <\/p>\n<p>A <a href=\"https:\/\/x.com\/Jiangzhuoer2\/status\/2069859549818019872?s=20\" target=\"_blank\" rel=\"noopener noreferrer\">translated post<\/a> on X from Zhuoer suggests the current <span>bitcoin<\/span> <span>bear market<\/span> is likely to find its ultimate bottom between October and Dec. 2026, with the price potentially settling in the $42,000 to $44,000 range per coin. That opinion has done little to dampen the speculative enthusiasm of <span>bitcoin<\/span> bulls. \u201c <span>Bitcoin<\/span> is about to trap everyone this summer. Everyone is positioned for lower. The next reversal will be brutal for bears,\u201d the X account Rekt Fencer <a href=\"https:\/\/x.com\/rektfencer\/status\/2070073385368068202?s=20\" target=\"_blank\" rel=\"noopener noreferrer\">insisted<\/a>.<\/p>\n<p>Rekt Fencer is far from alone in that view, as a growing number of market participants are <a href=\"https:\/\/x.com\/cryptofergani\/status\/2070047295144345988?s=20\" target=\"_blank\" rel=\"noopener noreferrer\">openly declaring<\/a> that the \u201cbottom is in\u201d and that this time the correction has finally run its course.<\/p>\n<h2>Prediction Market Traders Envision $55K Before $84K as Bitcoin Sits at the Edge of a Decision<\/h2>\n<p>One <a href=\"https:\/\/myriad.markets\/markets\/btc-next-move-pump-to-84k-or-dump-to-55k-3d262902-135d-416e-90bc-8e80233f341e\" target=\"_blank\" rel=\"noopener noreferrer\">wager<\/a> on the prediction marketplace <a href=\"https:\/\/news.bitcoin.com\/prediction-protocol-myriad-surpasses-100m-trading-volume-reports-10x-growth-in-3-months\/\">Myriad<\/a>, centered on <span>bitcoin<\/span>\u2019s next major directional move, tracks whether the <span>BTC<\/span>\/ <span>USDT<\/span> spot price on Binance will first climb to $84,000 or higher, or decline to $55,000 or lower. At present, participants are leaning decisively <a href=\"http:\/\/www.bitcoin.com\/get-started\/bull-market-vs-bear-market\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">bearish<\/a>, with the market assigning a 76.8% probability to a drop toward $55,000 compared to a 23.2% probability that <a href=\"https:\/\/www.binance.com\/en\/price\/bitcoin\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">bitcoin<\/a> reaches the $84,000 target first.<\/p>\n<figure id=\"attachment_826117\" aria-describedby=\"caption-attachment-826117\" style=\"width:1734px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-826117 size-full\" src=\"https:\/\/static.news.bitcoin.com\/wp-content\/uploads\/2026\/06\/screenshot-2026-06-25-at-11-31-04-am.png\" alt=\"Myriad marketplace chart. \" width=\"1734\" height=\"976\" srcset=\"https:\/\/static.news.bitcoin.com\/wp-content\/uploads\/2026\/06\/screenshot-2026-06-25-at-11-31-04-am-300x169.png 300w, https:\/\/static.news.bitcoin.com\/wp-content\/uploads\/2026\/06\/screenshot-2026-06-25-at-11-31-04-am-1024x576.png 1024w, https:\/\/static.news.bitcoin.com\/wp-content\/uploads\/2026\/06\/screenshot-2026-06-25-at-11-31-04-am-768x432.png 768w, https:\/\/static.news.bitcoin.com\/wp-content\/uploads\/2026\/06\/screenshot-2026-06-25-at-11-31-04-am-1536x865.png 1536w, https:\/\/static.news.bitcoin.com\/wp-content\/uploads\/2026\/06\/screenshot-2026-06-25-at-11-31-04-am-190x107.png 190w, https:\/\/static.news.bitcoin.com\/wp-content\/uploads\/2026\/06\/screenshot-2026-06-25-at-11-31-04-am-380x214.png 380w, https:\/\/static.news.bitcoin.com\/wp-content\/uploads\/2026\/06\/screenshot-2026-06-25-at-11-31-04-am-760x428.png 760w, https:\/\/static.news.bitcoin.com\/wp-content\/uploads\/2026\/06\/screenshot-2026-06-25-at-11-31-04-am-1520x855.png 1520w, https:\/\/static.news.bitcoin.com\/wp-content\/uploads\/2026\/06\/screenshot-2026-06-25-at-11-31-04-am-1280x720.png 1280w, https:\/\/static.news.bitcoin.com\/wp-content\/uploads\/2026\/06\/screenshot-2026-06-25-at-11-31-04-am.png 1734w\" sizes=\"auto, (max-width: 1734px) 100vw, 1734px\"\/><figcaption id=\"caption-attachment-826117\" class=\"wp-caption-text\">Image source: Myriad marketplace on June 25, 2026, at 11:30 a.m. Eastern time.<\/figcaption><\/figure>\n<p>What the market is showing right now is a collision between two competing convictions, and only one side will be proven right. The weight of evidence, from <a href=\"http:\/\/www.bitcoin.com\/get-started\/what-are-prediction-markets\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">prediction markets<\/a> assigning a 76.8% probability of a drop to $55,000, to analysts like PlanB calling for a bottom below realized price, suggests the path of least resistance remains lower.<\/p>\n<p>Sentiment at extreme fear does not typically mark a bottom in isolation. It sometimes marks the early innings of one, and those innings can last months. The bulls calling this a trap have history on their side in one narrow sense: the most painful reversals do tend to arrive when positioning is most one-sided. But positioning being crowded short and price actually finding a floor are separate arguments.<\/p>\n<p> <a href=\"https:\/\/www.binance.com\/en\/price\/bitcoin\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">Bitcoin<\/a> tapping $58,000 is already breaking expectations held just weeks ago. A move toward $42,000 to $44,000 would not require new catalysts. The pressure already in place may be enough.<\/p>\n<\/p><\/div>\n<p><a href=\"https:\/\/news.bitcoin.com\/bitcoin-crashes-to-58035-wiping-40-billion-from-crypto-ecosystem-in-24-hours\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Bitcoin News ) Key Takeaways PlanB sees BTC below $53K; fears of a $42K-$44K floor shape trader outlook. Bitcoin hit $58,035 in 2026 as $40B left crypto markets and CFGI sank to 12. Myriad gives a 76.8% chance of $55K before $84K, signaling bearish expectations. Crypto Market Slides Toward Dropping Under [&hellip;]<\/p>\n","protected":false},"author":19,"featured_media":74543,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[32],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/74542"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/19"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=74542"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/74542\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/74543"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=74542"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=74542"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=74542"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}