Asset icon - trade crypto, stocks, and gold on Pluang
Trade on Pluang
One platform for all markets
Download
Investment
Features
FeesSafety
Academy
More
Pluang+

Bitcoin drops below $58,000 triggering $1.26B in liquidations amid strong US jobs data

Market News
30 Jun 2026
Crypto Briefing
View Source
Bearish
pluang ai news

Bitcoin fell sharply below $58,000 on June 25, causing $1.26 billion in forced liquidations across crypto markets within 24 hours. The drop was triggered by stronger-than-expected US employment and inflation data, which reduced expectations for interest rate cuts and led to cascading sell-offs of leveraged long positions. This event highlights Bitcoin's sensitivity to macroeconomic factors and the risks of high leverage, with potential for further liquidations if prices remain low. The crowded short positions also raise the possibility of a short squeeze if prices rebound.

More News

ZenaTech reports annualized revenue run rate of CAD 33M based on Q1 2026 results, driven by drone service acquisitions.

ZenaTech reports annualized revenue run rate of CAD 33M based on Q1 2026 results, driven by drone service acquisitions.

ZenaTech announced an annualized revenue run rate of approximately CAD 33 million for 2026, based on Q1 2026 revenue of CAD 8.3 million multiplied by four. This growth reflects the integration of recent Drone as a Service (DaaS) acquisitions and ongo...

Company Fundamentals
Bullish
29 minutes ago
Aduro and AstroTurf sign MOU to explore recycling synthetic turf using Hydrochemolytic™ technology.

Aduro and AstroTurf sign MOU to explore recycling synthetic turf using Hydrochemolytic™ technology.

Aduro Clean Technologies and AstroTurf have signed a memorandum of understanding to evaluate Aduro's Hydrochemolytic™ technology for recycling end-of-life synthetic turf. This collaboration aims to recover polyethylene (PE) and polypropylene (PP) fro...

Market News
Bullish
1 hour ago
Aduro and AstroTurf partner to explore recycling synthetic turf using Hydrochemolytic™ Technology.

Aduro and AstroTurf partner to explore recycling synthetic turf using Hydrochemolytic™ Technology.

Aduro Clean Technologies and AstroTurf have signed a memorandum of understanding to evaluate Aduro's Hydrochemolytic™ Technology (HCT) for recycling polyethylene (PE) and polypropylene (PP) from synthetic turf at the end of its life. This collaborati...

Company Fundamentals
Bullish
1 hour ago
Medtronic data breach exposes sensitive info of hundreds of thousands, legal action underway

Medtronic data breach exposes sensitive info of hundreds of thousands, legal action underway

In April 2026, Medtronic discovered a data breach where cybercriminals accessed sensitive personal information including names, Social Security numbers, medical data, addresses, and birth dates of hundreds of thousands of individuals. This breach rai...

Market News
Bearish
2 hours ago
Westport shareholders approve all resolutions including director elections and company name change.

Westport shareholders approve all resolutions including director elections and company name change.

Westport Fuel Systems held its Annual General and Special Meeting virtually, where shareholders approved all key resolutions. This included the election of all nominated directors, appointment of Deloitte LLP as auditors, an advisory vote on executiv...

Company Fundamentals
Bullish
3 hours ago
banner-footerbanner-footer

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