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CryptoMedium•26 June 2026•

1 min read

Bitcoin down 20% since May on Strategy and rate fears

Key Facts

1Bitcoin has fallen 20% since May 2026.

2Worries over Strategy and interest rates are pressuring the crypto market.

3Bitwise's Matt Hougan argues the current shakeout is setting up a new rally.

Amid growing concerns over the impact of rising interest rates on digital assets, Bitcoin continues its sharp decline since May. According to media reports, the cryptocurrency has fallen 20% since May 2026, driven by worries over Strategy (MicroStrategy) and rising interest rates. However, Matt Hougan, CIO of Bitwise, argues the current shakeout is setting up a new rally.

The selloff comes against a challenging macro backdrop, with major central banks, including the Federal Reserve and the European Central Bank, maintaining hawkish stances. Market data shows Bitcoin trading near $59884.01 as of June 26, down roughly 20% from May highs. Strategy's large Bitcoin holdings—over 200,000 coins per reports—also worry investors about potential selling pressure.

Traders are closely watching US interest rate moves after Fed Governor Christopher Waller's recent speech. Looking ahead, upcoming inflation data and central bank decisions will be key catalysts for Bitcoin's direction. While Bitwise sees the correction creating attractive entry points, risks from rate policy and crypto market dynamics remain.