Gotrade News – Bitcoin dropped to $61,311 on June 4, its lowest trading level in nearly four months. The token later recovered to about $62,580, but still finished down roughly 6.84% on the day.
The sharp slide dragged crypto-linked US equities lower across mining, exchange, and treasury-heavy names. Heavy spot-ETF outflows and renewed risk aversion pressured the broader digital-asset complex throughout the session.
Key Takeaways
- Bitcoin touched $61,311, a near four-month low, before recovering to about $62,580.
- MicroStrategy fell 7.01%, Coinbase dropped 6.19%, and Marathon Digital slid about 4%.
- Spot Bitcoin ETFs saw roughly $3.7 billion in net redemptions over three weeks.
Crypto Stocks Lead The Decline
According to Investing.com, the move…
