Bitcoin news today: price crashed to $58,100 on Thursday, its lowest level since September 2024, after a hotter-than-expected inflation reading effectively buried near-term Federal Reserve rate-cut expectations and triggered more than $1.26Bn in crypto liquidations across 209,000 traders.<\/p>\n
The selloff was sharp enough to reprice prediction markets overnight: on Polymarket, a decentralized prediction platform where traders stake real money on outcome probabilities, the odds of Bitcoin hitting $50,000 before year-end jumped to 65%.<\/p>\n
The central tension the data now forces: is this a high-velocity flush that sets up a recovery, or the opening chapter of a BTC bear market that sends price into the low $40,000s? The answer likely hinges on one building in Washington, D.C., and whether the Fed\u2019s July meeting delivers any relief.<\/p>\n\n
(SOURCE: Polymarket<\/a>)<\/p>\n The catalyst for recent market movements was Thursday\u2019s PCE inflation report, the Federal Reserve\u2019s preferred measure of consumer inflation. In May 2026, the PCE price index rose to 4.1% year-over-year, exceeding expectations, while core PCE was 3.4%.<\/p>\n These figures significantly reduced rate-cut probabilities, as accelerating inflation weakens the case for lowering interest rates, leading risk assets like Bitcoin to adjust quickly.<\/p>\n As a result, a BTC flash crash occurred, liquidating over $1.26Bn in crypto positions across major exchanges, impacting 209,000 traders. This forced deleveraging, rather than organic selling, drove much of the volatility and is crucial for understanding the recovery path.<\/p>\n BREAKING <\/p>\n US PCE inflation just came in at 4.1%, exactly in line with expectations and the hottest reading since April 2023.<\/p>\n This is the Fed’s preferred inflation gauge, and at 4.1% it is now running at more than double the Fed’s 2% target.<\/p>\n That is the number that quietly\u2026 pic.twitter.com\/t0Pkaxqeid<\/a><\/p>\n \u2014 Crypto Jargon (@Crypto_Jargon) June 25, 2026<\/a><\/p>\n\n EXCLUSIVE: Join 99Bitcoin\u2019s $1000 USDT Airdrop on ByBit<\/span><\/a> <\/span><\/p>\n Polymarket is a prediction market in which real money reflects probability estimates, making its odds more reliable than those from Twitter polls. As of Friday, Bitcoin price contracts showed a significant downside skew.<\/p>\n\n (Source \u2013 Polymarket<\/a>)<\/p>\n The probability of BTC falling to $55,000 this year was 77%, while the likelihood of it hitting $50,000 sat at 65%. The 12-percentage-point gap between these figures indicates that traders view the $55,000 breach as the base case, with $50,000 as a more likely extension.<\/p>\n Notably, the $55,000 contract recently surged by about 20 percentage points, suggesting a shift in traders\u2019 sentiment towards a deeper decline.<\/p>\n However, there is also a 60% chance priced in that Bitcoin could reclaim $70,000 by year-end. This reflects a belief in a significant downturn followed by a recovery, allowing for the possibility of hitting both $50,000 and then exceeding $70,000 within the year.<\/p>\n DISCOVER: Bitcoin Price Prediction: Will BTC Hold $60K or Fall to $50K?<\/a><\/strong><\/p>\n $BTC<\/a> hit a new low yesterday.<\/p>\n And is now back above $60,000.<\/p>\n The majority of this small move in Bitcoin is due to short positions being closed, which is exactly what we saw tomorrow. pic.twitter.com\/luCidfbuCp<\/a><\/p>\nBitcoin News Today: A Hot PCE Print Caused Over $1Bn in Liquidations<\/h2>\n
What Polymarket\u2019s Numbers Actually Say About Bitcoin<\/h2>\n
The BTC Support Levels That Now Define the Trade<\/h2>\n