CryptoNews.com, June 6: 1. Bitcoin fell below $60,000 for the first time, with over $1.6 billion liquidated in 24 hours; 2. Analysts: Bitcoin’s price dropped below $60,000 due to U.S. employment data dampening expectations for rate cuts; 3. Zcash price plummeted 50% due to a vulnerability; 4. U.S. spot Bitcoin ETFs attracted $3.05 million in inflows, ending a 13-day outflow trend; 5. Bitcoin ETFs recorded a net outflow of $1.41 billion over seven days, while Ethereum ETFs saw a single-day net inflow of $16 million; 6. SEC: Bittrex applies to withdraw a $24 million regulatory fine; 7. Bitcoin news: $62 billion wiped out; BTC treasury strategy is dead—still unverified; 8. Analysts: The crypto market experienced its worst week since July 2024, with BTC and ETH prices nearing key support levels; 9. Grayscale Hyperliquid ETF attracted $4.7 million in net inflows on its first day, bringing total net inflows for this ETF category to $145 million; 10. A 17-year-old British boy was banned from entering Russia for exposing crypto-based sanctions evasion.
Bitcoin Drops Below $60,000 for the First Time, $1.6 Billion Traded in 24 Hours
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Summary
Bitcoin news emerged as the price dropped below $60,000 for the first time, triggering over $1.6 billion in liquidations within 24 hours. Weak U.S. employment data dampened expectations for rate cuts, according to Bitcoin analysis from analysts. Zcash fell 50% following the discovery of a security vulnerability. U.S. spot Bitcoin ETFs recorded $3.05 million in inflows, ending a 13-day streak of outflows, though seven-day net outflows reached $1.41 billion.
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