Bitcoin hovers near cycle lows

Bitcoin is trading close to its cycle lows, hovering around $61,000, as a confluence of factors weighs on the cryptocurrency market. Geopolitical tensions, persistent inflation fears, and significant outflows from Bitcoin ETFs are contributing to the downturn. This period marks the worst stretch for Bitcoin in 2026, sparking debate among analysts about whether the market has reached a potential bottom. Investors are closely monitoring economic indicators and global events for signs of a potential recovery or further decline.