Why is Crypto Down?

Published by

Nidhi Kolhapur

June 18, 2026

An abstract drawing of a cracked gold Bitcoin token being pushed down by a finger along a red arrow.

The cryptocurrency market dropped 2.59% in 24 hours, bringing total market value to $2.2 trillion. The decline followed hawkish comments from Federal Reserve Chair Kevin Warsh, which triggered a broader selloff in risk assets. An 11% fall in Strategy’s STRC funding vehicle added concerns about corporate Bitcoin holders and market liquidity. The market’s 63% correlation with the S&P 500 suggests macroeconomic factors are driving moves. Next, traders are watching Bitcoin’s $63,000–$64,000 support zone for signs of stabilization or further selling.

Trust with CoinPedia:

CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.

Investment Disclaimer:

All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.