Bitcoin crash far from over? Experts see another 30% downside to $42,000 | Buy, sell or hold?

Bitcoin futures fell sharply on Thursday, dropping to $58,995 — their lowest level since October 2024. The decline has pushed the cryptocurrency more than 50% below its peak from last year.

The $60,000 mark has remained a crucial battleground for Bitcoin throughout the year. The cryptocurrency found support around that level in February and again during the first half of June before staging a rebound that briefly lifted prices above $67,000.