Bitcoin Rebounds After Hitting 20-Month Low

Bitcoin recovered on June 25 after sliding to a 20-month low in the previous session, extending a volatile stretch for crypto markets as investors weighed ETF outflows, a stronger dollar and shifting Federal Reserve rate expectations.

According to LSEG data cited in coverage, bitcoin rose 1.2% to $61,665 after falling as low as $59,062 the day before. Financial Times reported that bitcoin had dropped to $59,023.11 on June 24, its weakest level in about 20 months.

What drove the rebound

The bounce came as the U.S. dollar eased off earlier highs and broader risk sentiment improved. Traders also pointed to strong earnings from Micron Technology, which helped revive enthusiasm around artificial intelligence stocks and eased some fears about an AI-driven tech bubble.

That shift mattered for bitcoin because the cryptocurrency has been moving closely with other risk assets. Recent weakness has been tied less to a single crypto-specific event than to a wider reassessment of appetite for speculative trades.

Why the move still looks fragile

Despite the rebound, the backdrop remains unsettled. Coverage cited continued outflows from crypto exchange-traded funds, a firmer dollar and expectations of additional Fed tightening as factors that have kept pressure on bitcoin.

The recovery also comes after a swift selloff, so traders are watching to see whether bitcoin can hold above the low-$60,000 area or whether the move proves to be only a one-session bounce.

What to watch next

The next tests are whether ETF flow data continues to show net outflows, whether U.S. rate expectations keep shifting and whether the dollar stays softer. Further tech earnings and broader equity sentiment will also help determine whether bitcoin's rebound has follow-through.