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Bitcoin dips below $60K amid $650M crypto liquidations and tech stock selloff

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

Bitcoin fell below $60,000, dropping nearly 5% amid a broad selloff in cryptocurrencies and tech stocks. This triggered over $650 million in liquidations, mostly from long positions, while Ether also slipped below $1,600. The total crypto market value declined to about $2.08 trillion, reflecting wider weakness in risk assets including tech stocks and commodities. Institutional outflows from Bitcoin and Ether ETFs added selling pressure, signaling cautious investor sentiment going forward.

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