17:29 - 23.06.2026

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June 23, Fineko/abc.az. The world's largest cryptocurrency Bitcoin has fallen to its lowest level in almost two weeks amid a massive wave of sell-offs in the US technology stocks sector, affecting high-risk digital assets.

ABC.AZ reports that according to Bloomberg, Bitcoin's price declined by 3.9% during the trading session, reaching a low of $61,877, which was the lowest level since June 11. However, the coin recovered some of its losses during the morning trading session in New York, reaching a price of around $62,223. The cryptocurrency market closely followed the negative performance of the US technology sector, which was influenced by investor concerns about the massive capital expenditures of AI companies, as well as the decline in the stock price of Elon Musk's aerospace giant, SpaceX.

Key parameters of the cryptocurrency release:

The decline in the altcoin market: The fall of the industry's flagship led to a deeper decline in alternative tokens. In particular, the price of Ether decreased by 5.6%, Solana lost 6.4%, and XRP fell by 3.3%.

Record-breaking outflows from spot ETFs: According to Bloomberg statistics, institutional investors are showing a drop in interest in the sector, with approx. $2.4 billion withdrawn from U.S. spot exchange-traded funds (ETFs) for Bitcoin since the beginning of June.