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Bitcoin drops to $63,000 amid $400B AI-driven crypto sell-off and $1.74B in liquidations.

Market News
04 Jun 2026
Benzinga
View Source
Bearish
pluang ai news

Bitcoin fell to around $63,000 as cryptocurrency markets declined sharply, triggered by a $400 billion capital rotation into AI-related investments and over $1.74 billion in liquidations within 24 hours. Data showed nearly 290,000 traders were liquidated, and significant outflows occurred from Bitcoin and Ethereum ETFs. Analysts note Bitcoin remains in a downtrend since its high near $80,000 last year, with key support at $60,000 under watch. Some traders expect Bitcoin could rebound to new highs before the 2028 halving event, despite current bearish trends.

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