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Crypto

BlackRock Sticks to Bullish Bitcoin Thesis Amid 53% Price Crash

Guavy AI Editorial Team
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BTC
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Bitcoin's price plummeted from its October 2025 peak of $124,606 to $58,642 in early June 2026, marking a 53% decline.

According to BlackRock, this crash was largely driven by heavy leverage, forced liquidations, shifting market liquidity, and ETF outflows amplified by AI fund inflows.

The firm views Bitcoin as a long-term portfolio diversifier for crypto investors, despite acknowledging sharp volatility and liquidity risks that could impact prices and adoption.

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