Bitcoin drops below $60,000 as $850 million in crypto liquidations hit market
By
Lawrence Mondal
Summary
Bitcoin fell below $60,000 for the second time in June, triggering over $850 million in crypto market liquidations. The price dropped nearly 6% to an intraday low of $59,175, with long traders bearing the brunt of the losses at roughly $780 million. Strategy (formerly MicroStrategy) shares also slid to an intraday low of $92.28 as pressure mounted across digital assets and tech stocks. Traders are now watching key support near the June low.
Source
bskyBitcoin drops below $60,000 as $850 million in crypto liquidations hit marketcrypto.newsKey quotes
· 3 pulledBitcoin has fallen below $60,000 for a second time this month, triggering more than $850 million in crypto liquidations
The move wiped out more than $850 million in leveraged positions, with long traders accounting for roughly $780 million of the total
Strategy shares to an intraday low of $92.28 as investors reacted to mounting pressure across digital assets and technology stocks
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