The Economic Times

Bitcoin (BTC USD) price drops toward the $60,000 level as two major buyers pull back - what's happening with the cryptocurrency?

Bitcoin market crash 2026 analysis: Bitcoin's price decline is attributed to a simultaneous slowdown in demand from two key sources: spot ETFs and digital asset treasury firms. Spot ETFs have seen significant net outflows totaling over $5.72 billion since mid-May, while treasury firms have sharply reduced their buying pace, shifting from aggressive accumulation to caution.