Bitcoin price fell below $62,000 on Thursday, June 4, entering the lowest valuation band on the Bitcoin Rainbow Chart for only the second time since the collapse of the FTX exchange in November 2022, according to a report from Bitcoin Magazine.
The Crypto Fear and Greed Index registered 12 out of 100, a reading deep in “Extreme Fear” territory, data from Bitcoin Magazine Pro showed. [1] The decline erased all gains the token had made since President Donald Trump took office in January 2025, according to an RT report. Bitcoin was changing hands near $62,576, its lowest price since September 2024, and had lost roughly half of its value from its all-time high above $120,000 in October 2025. [2]
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