The price of Bitcoin, the leading cryptocurrency, has fallen to its lowest level in 20 months.

According to Coinbase, Bitcoin dropped to $59,014 around 2:45 a.m. on June 25, marking a 5.7% decline from 24 hours earlier.

This is the lowest level since October 2024.

Compared to its all-time high of $126,272 reached in October 2025, the price has plummeted by more than 52%.

With today's decline, the $60,000 mark, which has been considered a key support level for Bitcoin over the past two years, has been broken.

The increased possibility of interest rate hikes by the U.S. Federal Reserve (Fed) appears to have influenced the drop in Bitcoin prices.

Interest rate hikes weaken risk appetite, prompting investors to move toward relatively safer assets.

Bitcoin has failed to show a recovery even when the stock market rebounded, falling 32% this year.

The market suggests that investor interest has shifted from cryptocurrencies to artificial intelligence (AI)-related stocks.

Gary O'Shea, head of global market analysis at crypto asset manager Hashdex, said, "With major initial public offerings (IPOs) and AI-related stocks taking the spotlight, market sentiment remains weak."

U.S. Bitcoin exchange-traded funds (ETFs) recorded a net outflow of approximately $6.4 billion in May alone.