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Bitcoin trades 50% below all time high, below $62,000 as geopolitical uncertainty weighs on crypto sentiment

Bitcoin is trading near $61,000, down significantly from its peak. Geopolitical tensions and upcoming US economic data are causing caution. Investors are prioritizing capital preservation amid uncertainty. Spot Bitcoin E

Published 10/6/2026, 7:32:46 amUpdated 10/6/2026, 7:32:46 amEconomic Times
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Bitcoin is trading near $61,000, down significantly from its peak. Geopolitical tensions and upcoming US economic data are causing caution. Investors are prioritizing capital preservation amid uncertainty.

Spot Bitcoin ETFs have seen outflows, impacting market participation. Analysts watch for inflation data to gauge Bitcoin's next move.

Source reference: Economic Times

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Bitcoin trades 50% below all time high, below $62,000 as geopolitical uncertainty weighs on crypto sentiment | Rupixa