Bitcoin Falls to 2026 Low of $58,035 as $40 Billion Wiped from Crypto Market
Bitcoin fell to $58,035 on Thursday, its lowest level of 2026, wiping $40 billion from the total crypto market capitalization in 24 hours. The crypto market is approaching the $2 trillion threshold as bearish sentiment dominates, with the fear index dropping to 12. Analysts are targeting a potential bottom between $42,000 and $53,000.
Key quotes
The price of bitcoin reached a consequential low on Thursday, falling to its weakest level of 2026 when it touched $58,035 on Bitstamp at 9:55 a.m. Eastern time.
Over the past 24 hours, $40 billion has vanished from the total crypto market capitalization, leaving it precariously close to slipping beneath the $2 trillion threshold.
Bitcoin traders are bearing the weight of the latest market turbulence as BTC declined to an intraday low of $58,035 per coin.
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