# Bitcoin Price Crash: Market Loses $2 Trillion as ETFs Pull Back

**Published:** 2026-06-12T12:11:42.398Z  
**Topic:** Crypto Crash  
**Sentiment:** neutral  
**Publisher:** TrendWatcher — https://www.trendwatcher.in/article/d7c2b77d-a2c8-4522-b2f3-de300462ac47

Bitcoin dropped toward $60,000, losing over 50% from its peak. The crypto market shed $2 trillion as ETFs saw outflows and capital moved to AI stocks.

Bitcoin and cryptocurrency prices are in free fall, with the market shedding approximately $2 trillion in value since its October 2025 peak as bitcoin drops toward the $60,000 level [1, 2]. The decline, which has seen bitcoin fall more than 50% from its all-time high of $126,000, is driven by significant outflows from spot exchange-traded funds and a broader rotation of capital into artificial intelligence stocks [1, 2].

**Key takeaways**
*   Bitcoin has dropped more than 50% from its October 2025 high of $126,000 to near $60,000 [1].
*   The combined crypto market has lost roughly $2 trillion since its peak, with market capitalization falling to $2.22 trillion [1, 2].
*   Spot ETFs have experienced net outflows totaling over $5.72 billion since mid-May [2].
*   Major Wall Street banks are planning a tokenized deposit network that could launch as soon as 2027 [1].

## ETF outflows and a shift to AI stocks
The current downturn is attributed to a simultaneous slowdown in demand from two major buyers: spot ETFs and digital asset treasury firms [2]. Spot ETFs have seen significant net outflows exceeding $5.72 billion since mid-May, while treasury firms have shifted from aggressive accumulation to caution [2]. Analysts note that capital is rotating out of crypto and into high-momentum AI plays and high-profile tech IPOs, such as SpaceX and Anthropic, as bitcoin struggles to find a compelling narrative [1].

Technical indicators suggest further downside pressure. Bitcoin is currently testing its 200-week moving average at $61,300, and analysts warn that a sustained break below the $60,000 level toward $58,880 would be a strong bearish signal [1]. Market data from CryptoQuant suggests the bottom is not yet in, predicting a potential floor near bitcoin’s realized price of $53,600 [2].

## Wall Street’s blockchain bet
Despite the price crash, traditional financial giants are moving forward with integrating blockchain technology. Four of the largest Wall Street banks—JPMorgan, Bank of America, Citi, and Wells Fargo—are developing a tokenized deposit network that could launch as soon as 2027

## Sources
1. Forbes — [A ‘Big Move’ Is Coming—Wall Street Quietly Reveals A ‘Radical’ Crypto Bombshell As Bitcoin Price Crash Suddenly Accelerates](https://www.forbes.com/sites/digital-assets/2026/06/05/a-big-move-is-coming-wall-street-quietly-reveals-a-radical-crypto-bombshell-as-bitcoin-price-crash-suddenly-accelerates/)
2. Economictimes — [crypto crash: Latest News & Videos, Photos about crypto crash](https://economictimes.indiatimes.com/topic/crypto-crash)

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Cite as: TrendWatcher, "Bitcoin Price Crash: Market Loses $2 Trillion as ETFs Pull Back", https://www.trendwatcher.in/article/d7c2b77d-a2c8-4522-b2f3-de300462ac47