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

Bitcoin falls below $60K, triggering $1.57B in crypto liquidations amid a $200B market sell-off

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

Bitcoin dropped sharply below $60,000 on June 5, 2026, amid a broad crypto market sell-off that erased $200 billion in total market value and triggered $1.57 billion in leveraged liquidations. The cryptocurrency fell nearly 20% over five days, pushing its year-to-date losses to 30% and briefly dropping its market cap below $1.2 trillion. The sell-off mainly wiped out long positions, signaling a large-scale institutional exit and structural market vulnerabilities. Michael Saylor responded to criticism by outlining four key ideologies shaping bitcoin's future as it transitions into a global asset.

More News

CN partners with BHP to transport potash from Saskatchewan's Jansen Mine to global markets via rail.

CN partners with BHP to transport potash from Saskatchewan's Jansen Mine to global markets via rail.

Canadian National Railway Company (CN) has signed an agreement with BHP to transport potash from the Jansen Potash Mine in Saskatchewan to export terminals on Canada's West Coast. This rail service will connect one of the world's largest new potash d...

Market News
Bullish
1 hour ago
CN partners with BHP to transport potash from Jansen mine to global markets via Canadian west coast ports

CN partners with BHP to transport potash from Jansen mine to global markets via Canadian west coast ports

Canadian National Railway (CN) has signed a transport agreement with BHP to support the shipment of potash from the Jansen mine in Saskatchewan to export terminals on Canada's west coast. This partnership leverages CN's extensive rail network to conn...

Market News
Bullish
1 hour ago
Judge rules Abbott's PediaSure marketing may mislead consumers about height growth claims

Judge rules Abbott's PediaSure marketing may mislead consumers about height growth claims

A U.S. federal judge ruled that Abbott Laboratories' marketing of PediaSure could reasonably be interpreted as promising height growth, despite the company's claims focusing on general growth. The judge noted product packaging and advertising featuri...

Market News
Bearish
1 hour ago
Alterra IOS secures $244M loan from Blackstone to expand industrial outdoor storage platform.

Alterra IOS secures $244M loan from Blackstone to expand industrial outdoor storage platform.

Alterra IOS, a leader in industrial outdoor storage (IOS), secured a $244 million loan from Blackstone Real Estate Debt Strategies to support its growing platform. The loan covers 37 properties across 27 U.S. markets, totaling 165 acres and 806,000 s...

Market News
Bullish
2 hours ago
Rexel reports total shares and voting rights as of May 31, 2026, confirming 296.9M shares.

Rexel reports total shares and voting rights as of May 31, 2026, confirming 296.9M shares.

Rexel Développement SAS has released a statement confirming the total number of shares and voting rights as of May 31, 2026. The company reports 296,997,254 shares in total, with a theoretical voting right count matching this number. The exercisable ...

Company Fundamentals
Neutral
3 hours ago
banner-footerbanner-footer

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