Asset icon - trade crypto, stocks, and gold on Pluang
Trade on Pluang
One platform for all markets
Download

Bitcoin crashes to $59,100, triggering $1.75B in liquidations and pushing half of BTC holders into losses.

Market News
06 Jun 2026
Cointribune
View Source
Bearish
pluang ai news

Bitcoin fell sharply to $59,100, marking its worst week of 2026 with a 19.3% drop over seven days. This crash caused $1.75 billion in liquidations and closed over 350,000 positions, impacting the entire crypto market. More than half of all circulating bitcoins are now held at unrealized losses, a rare on-chain signal historically linked to major market bottoms. Investors are watching closely to see if this signals a market bottom or the start of further weakness amid ongoing macroeconomic pressures.

More News

XRPL poised to support $400T asset tokenization with fast, low-cost settlement and liquidity benefits.

XRPL poised to support $400T asset tokenization with fast, low-cost settlement and liquidity benefits.

Securitize estimates $400 trillion in global assets could be tokenized, shifting traditional markets onto blockchain. The XRP Ledger (XRPL) is emerging as a key infrastructure layer due to its fast, low-cost settlement capabilities and potential to c...

Protocol Fundamentals
Bullish
4 hours ago
Ethena expands into AAA CLOs to stabilize USDe yields and reduce crypto market risk.

Ethena expands into AAA CLOs to stabilize USDe yields and reduce crypto market risk.

Ethena is expanding its reserve assets to include AAA-rated Collateralized Loan Obligations (CLOs) to reduce the yield volatility of its stablecoin USDe, which currently depends on crypto market cycles. CLOs, especially the Janus Henderson Anemoy AAA...

Protocol Fundamentals
Bullish
4 hours ago
SpaceX inks $920M monthly AI GPU deal with Google ahead of IPO, locking 110,000 Nvidia GPUs through 2029.

SpaceX inks $920M monthly AI GPU deal with Google ahead of IPO, locking 110,000 Nvidia GPUs through 2029.

SpaceX signed a $920 million monthly compute-leasing agreement with Google, granting access to about 110,000 Nvidia GPUs through mid-2029. This deal, revealed just days before SpaceX's IPO, includes an exit clause for Google if SpaceX fails to delive...

Market News
Bullish
4 hours ago
Cardano's ADA hits 2020 lows amid social buzz, governance hiccups, and tooling changes.

Cardano's ADA hits 2020 lows amid social buzz, governance hiccups, and tooling changes.

ADA dropped below $0.20 to levels unseen since 2020, sparking a surge in social media mentions and on-chain activity. Despite increased chatter, key governance setbacks like the failed Cardano Summit funding vote and the closure of TapTools analytics...

Market News
Bearish
4 hours ago
Hyperliquid's HYPE token faces a key unlock on June 6 with a smaller-than-expected claim easing sell pressure risks.

Hyperliquid's HYPE token faces a key unlock on June 6 with a smaller-than-expected claim easing sell pressure risks.

On June 6, Hyperliquid's HYPE token will undergo a significant unlock event where Core Contributors are scheduled to claim tokens. Although the initial schedule indicated about $675 million worth of HYPE tokens would be unlocked, the team plans to cl...

Protocol Fundamentals
Neutral
4 hours ago
banner-footerbanner-footer

Invest & Trade with
#1 Award-Winning Investment Super App