On the evening of June 24, the crypto market experienced another crash. Bitcoin broke through the psychologically important mark of $60,000 and hit its lowest level in seven quarters. This dragged altcoins down and coincided with a drop in the stock prices of cryptocurrency companies. Some experts see this as a natural stage of the classic four-year cycle, while others predict a continued decline.

The decline was broader and affected markets for gold, stocks, including the US technology sector. However, in the crypto market, general nervousness is compounded by its own fears related to possible problems at Strategy, the largest corporate holder of bitcoin, as well as the loss of interest from retail investors in cryptocurrency due to the development of artificial intelligence (AI).