As of early evening on June 26, Bitcoin (BTC 0.26%) rose 0.3% to $59,623.62, Ethereum (ETH 0.38%) rose 0.4% to $1,567.40, and Solana (SOL +6.99%) rose 8.4% to $$71.85.

What’s driving crypto markets

The biggest backdrop remains a risk-off sweep through crypto and tech, with Bitcoin briefly probing a 21-month low before rebounding, and derivatives traders still leaning defensive. Spot Bitcoin ETF redemptions totaled $1.3 billion in the past week, marking a shift in institutional investor behavior — rather than buying the dip, it seems some are reducing their positions.

What this means for investors

Bitcoin stabilized near the $60,000 mark today, but is struggling to regain momentum and could well fall further in the coming months….