The U.S. Securities and Exchange Commission (SEC) Made Another Unfavourable Decision Regarding Cryptocurrencies! One Altcoin’s Price Is Falling!

Bitcoin declined on Wednesday, following a broad sell-off across risk assets, as renewed military action between the United States and Iran undermined hopes for a peaceful settlement in the Middle East.

$BTC changed hands at $61,233 on Wednesday, down 3% over 24 hours and 6.9% on the week, while gold fell 2% to below $4,200 an ounce. The market is betting on higher interest rates and is punishing assets like Bitcoin and crypto that do not pay one.

Since reaching their January peaks, the combined market value of gold and silver has shrunk by $1 trillion: on June 5, gold traded at around $4,331 per ounce, while silver traded at around $67.30, even though active geopolitical conflict and above-target inflation traditionally support higher precious metals prices.

This week, Bitcoin fell to its lowest level of 2026, dropping to $59,100 per coin, and its price now sits just over 50% below the all-time high of more than $126,000 reached by the leading crypto asset. Meanwhile, a significant part of the altcoin market has suffered much sharper declines, with many well-known digital assets posting losses of more than 95% from their peak valuations.

Bitcoin rebounded above $61,000 on Saturday after briefly falling below the key $60,000 level, as traders assessed the fallout from a broad market sell-off triggered by stronger-than-expected US employment data.