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Bitcoin drops nearly 3% amid Middle East tensions, wiping $30B off market cap.

Market News
09 Jun 2026
Bitcoin
View Source
Bearish
pluang ai news

Bitcoin fell below $61,000 on June 9, 2026, losing 2.9% in a day as escalating geopolitical tensions in the Middle East spooked investors. The price dip erased about $30 billion from bitcoin's market capitalization, which slid from $1.27 trillion to around $1.24 trillion. This sell-off triggered $467.5 million in crypto liquidations, mostly from long bets, and left over 8 million bitcoins underwater, meaning they were bought at prices higher than current values. The market remains sensitive to geopolitical developments, with potential for further volatility ahead.

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