Bitcoin drops to $58,035 as $40 billion leaves crypto markets in 24 hours

Bitcoin slid to its lowest level of 2026 on Thursday, touching $58,035 on Bitstamp at 9:55 a.m. Eastern time. Over the past 24 hours, $40 billion has been erased from total crypto market capitalization, pushing it close to falling below the $2 trillion mark. The move underscored broad risk-off sentiment across digital assets.