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Posted June 16, 2026 at 10:45 am
Bitcoin is facing a challenging year in 2026, dropping over 50% since its highs in October 2025. But what is driving this persistent weakness? In this market commentary, Jim Iuorio of JI Financial examines the leading theories behind the current crypto selloff and explains why traditional explanations might be falling short.
Many analysts point to higher interest rates as the primary headwind for digital assets. However, a closer look at two-year Treasury yields from October through March tells a different story. Others cite a breakdown in Bitcoin’s historical correlation with the Nasdaq, especially given the tech index’s strong rally from its March lows while crypto continued to slide.
Finally, the analysis focuses on the technical picture. With Bitcoin retracing to the critical $60,000 support range, retail traders can learn how to monitor the 200-week moving average and past consolidation zones to better navigate potential price action and identify key structural levels moving forward.
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Originally Posted June 9, 2026
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