Bitcoin fearfully awaits Monday
Last Updated on 28 June 2026 by CryptoTips.eu
Crypto has been going through a rough patch over the past few weeks. This week, Bitcoin dropped below the $60,000 mark (retesting the February low), bringing its total decline to around 50% since its October 2025 all-time high.
However, given expectations that investors will increasingly reduce risk in the coming weeks and months, we likely haven’t seen the bottom yet.
Perfect storm
With Microsoft’s weekly chart appearing to form a head-and-shoulders pattern (implying a decline in the coming weeks and months), the postponement of OpenAI’s IPO, falling stock markets in Asia, rising inflation and likely interest rate hikes, and renewed hostilities between the United States and Iran, the global economy is heading into what can only be described as a perfect storm.
In the past, such a macroeconomic backdrop has consistently prompted investors to reduce risk to avoid taking a heavy hit from falling stock prices. Consequently, a reduction in Bitcoin investments seems logical.
The recent sell-off in AI and chip stocks therefore dragged crypto down further as well; after all, when investors reduce risk, the most speculative positions are often the first to go.
Finally, the fact that SpaceX is currently trading near its IPO price, and likely to slide further next week, doesn’t help matters either.
Bitcoin therefore anxiously awaits Monday, when stock markets reopen.
