Bitcoin fell sharply to the $60,000 range on June 3-4, triggering $1.76 billion in liquidations mainly from long positions. The decline was driven by sustained outflows from spot Bitcoin ETFs and worsening macroeconomic conditions, including rising inflation and geopolitical tensions. This combination intensified selling pressure, causing a systemic market correction also impacting Ethereum. If Bitcoin fails to hold $60,000, further drops toward the mid-$50,000 range could occur, signaling increased risk for investors amid extreme fear sentiment.
Bitcoin fell sharply to $61,322, its lowest since February, wiping out gains linked to Middle East geopolitical tensions. This drop shows Bitcoin acted more like a risky asset than a safe haven, challenging the recent narrative of it as "digital gold...
Bitcoin's price fell 15% over the past week, dipping below $62,000. Despite this sharp decline, macro investor Raoul Pal says it is a painful correction within an ongoing bull market, not the start of a bear market. Pal highlights that Bitcoin and ot...
Bitcoin's price dropped to $61,000 in early June 2026, marking a decline of over 25% this month. This drop is driven by significant selling from long-term holders and ongoing uncertainty about U.S. cryptocurrency regulations, which remain unsettled. ...
Bitcoin has fallen 50% from its all-time high as the broader cryptocurrency market faces a downturn marked by liquidations and losses. Analysts link this decline to a macroeconomic selloff influenced by weak tech stocks and ETF outflows, suggesting a...
Bitcoin's drop below $62,000 in June 2026 was wrongly blamed on Michael Saylor's sale of 32 BTC, which was too small to impact the market. The real cause is Bitcoin losing its status as the dominant momentum trade, with speculative capital shifting t...
