Bitcoin, Ethereum Prices Crash: Is the Rally Over?

Bitcoin and Ethereum prices fell again on Monday, June 29, extending a losing streak that has erased recent gains. Bitcoin dropped below $60,000, while Ethereum slipped under $3,500, according to market data. The sell-off follows a week of steady declines, with no single trigger identified. Analysts point to profit-taking after a strong rally earlier this month, combined with continued uncertainty over global regulatory moves. Trading volumes remain high, suggesting active selling pressure. Investors are watching for a possible rebound, but short-term sentiment remains cautious. "The market is in a correction phase," one trader noted. "We need a clear catalyst to reverse direction." The downturn comes as major economies debate stricter rules for digital assets. This uncertainty, paired with technical resistance levels, is keeping prices under pressure.