finance
Bitcoin Falls to $58,100 Low Before Rebounding Near $59,700
Bitcoin touched its lowest level since September 2024 on June 26 before recovering to $59,770. Ether extended losses while futures liquidations reached $1 billion and volatility indexes rose.
Jun 26, 7:03 AM·1m read1 source
CoinDeskAudio version
Tap play to generate a narrated version.
Developing·Limited corroboration so far. This page will refresh as more sources emerge.
Bitcoin reached a low of $58,100 on June 26, its weakest level since September 2024, before rebounding to $59,770, CoinDesk reported. The cryptocurrency last traded near $59,700 after moving little since midnight UTC. Ether fell an additional 1 percent and last traded around $1,550.
Nasdaq 100 futures declined 1 percent and S&P 500 futures fell 0.4 percent since midnight UTC. Aave rose as much as 6.8 percent to $86.19. Solana gained 2 percent to around $68.95 after dropping to $64.05 on June 25.
Ethena declined another 5 percent. Over the past 24 hours, $1 billion in leveraged futures positions were liquidated, with long positions accounting for the majority. Ether recorded more liquidations than bitcoin in the prior 12 hours.
Bitcoin futures open interest rose to 778,000 BTC from a recent low near 730,000 BTC. Ether futures open interest stayed stable near 14 million ETH since at least June 15. Bitcoin's BVIV implied-volatility index reached 53 percent, its highest since June 7 after a low of 39 percent on June 16.
Ether's implied-volatility index climbed to 66 percent. The VIX equity-volatility index rose to 20 percent from 15 percent. The one-week bitcoin options skew on Deribit approached 30 percent.
