The price of bitcoin has fallen by more than 50 per cent since its peak amid a broader crypto market crash.

The world’s leading cryptocurrency fell below $59,000 on Monday, eight months after peaking at $126,000.

Other major cryptocurrencies have experienced significant losses in 2026, with ethereum (ETH), Ripple (XRP) and Dogecoin (DOGE) all dropping by more than half since the start of the year.

The overall market has fallen from $4.28 trillion in October, to just above $2 trillion at the end of June.

The losses follow a period of record-breaking growth for the market in 2024 and 2025, which was boosted…