Crypto market crash: Bitcoin sinks to lowest level in years
The cryptocurrency market is navigating a severe downturn, with both Bitcoin (BTC) and Ethereum (ETH) hitting their lowest levels in years. Despite a slight morning rebound on Thursday, June 25, 2026, an extended eight-month bear market continues to weigh heavily on digital assets.
Bitcoin opened at $60,983.43 (down 2.7%), while Ethereum started the day at $1,619.51 (down 2.8%), News.Az reports, citing Yahoo Finance.
Analysts point to a perfect storm driving this prolonged slump:
- Massive ETF outflows.
- Regulatory friction and potential delays surrounding the CLARITY Act.
- A major capital shift as investors pull money out of crypto to chase the booming AI stock market.
However, market experts note that this downturn looks different than previous crashes. Because the modern investor base is larger and backed by institutional liquidity, Bitcoin is exhibiting much less volatility than it did in past cycles.
The current slump highlights a massive pullback from the historic peaks seen in late 2025.
While spot prices are down, some investors are using the downturn to accumulate assets through everyday spending via crypto credit cards.
Unlike traditional cards that offer cash back or airline miles, these cards automatically convert your spending rewards into digital assets like Bitcoin. For example, if you earn 3% back on a $500 purchase, your $15 reward is instantly converted to crypto at the current market value and deposited into your account.
The Upside: Earning rewards during a bear market allows you to accumulate crypto at lower prices, maximizing the potential for significant growth when the market eventually recovers.
