Bitcoin sinks below $60,000, down more than 50% from its all-time high. Crypto has just completed its worst month in four years. Institutional investors are deserting the market, diverted by the rise of AI.
Bitcoin continues to show in the red. A few weeks after the violent decline of “Black Thursday”, the queen of cryptocurrencies continues toevolve below 60,000 dollarsfar from its record above $120,000, which dates back to October 2025. Bitcoin is down more than 50% since last year’s record. The fall of King Bitcoin continued in the following weeks. For most observers, we have entered a new phase of the crypto bearish period, which is expected to extend for several years.
Also read: an investigation claims to have unmasked the creator of Bitcoin
A month of June in the red
The month of June 2026 proved to be particularly deadly for digital currency. With a monthly decline of around 20%, Bitcoin is preparing to sign its worst monthly close since June 2022. Even the month of November 2022, marked by the lightning fall of FTX, had not been so devastating for Bitcoin. Weighed down by the collapse of Bitcoin, the total capitalization of the crypto market has meltedgoing from $4.28 trillion in fall 2025 to around $2 trillion at the end of June 2026.
Index funds dedicated to Bitcoin, one of the drivers of the last bullish phase, are massively deserted by investors. Listed on the stock exchange, investment funds, which allow institutional investors to expose their portfolios to Bitcoin without directly holding it, recorded their worst monthly result in their entire history, with more than $4 billion in net outflows. Seven consecutive weeks of losses have been recorded since mid-May, for a total of almost 8 billion dollars.
Also read: How Claude was able to recover a fortune in Bitcoin
AI competition
The figures indicate that investors are temporarily withdrawing their marbles from the world of cryptocurrencies. To explain the acceleration of the fall of Bitcoin, we will first cite the geopolitical context, eventful and suspended from the decisions of Donald Trump. Crypto is also facing the full brunt of competition from artificial intelligence. This monopolizes the vast majority of investments, to the detriment of Bitcoin and altcoins. The capital that once flowed into crypto is now massively redirected towards technology stocks involved in the AI race. As Thibaut Boutrou, co-founder of Meria, explains to our colleagues at Monde“AI captures the majority of flows” and cryptos “are no longer the fashionable market”.
For Bitcoin holders, the situation is uncomfortable but not new. During every bear market, Bitcoin and cryptos are in the red for months or even years. It is generally during these phases that convinced investors buy Bitcoin at a knockdown price, betting on an increase in the price in the years to come.
👉🏻 Follow tech news in real time: add 01net to your sources on Google, and subscribe to our WhatsApp channel.
