Bitcoin set to slump to new lows for 2026 after recent sell-off, traders forecast

Bitcoin prices fell to their lowest levels since early April on Tuesday after a decline spurred by crypto treasury company Strategy selling a small amount of its bitcoin holding intensified. Traders on prediction market platform Kalshi think the cryptocurrency has more room to fall in its current "crypto winter."There's a nearly 80% chance that the flagship crypto's price will fall below $60,000 in 2026. That would mean bitcoin hitting a new low, tumbling below February's levels. Early that month, bitcoin dropped as low as $60,062.Traders also think there's a 52% chance prices will dip under $50,000 this year. Bitcoin hasn't traded with a four in front of its price since August 2024.

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