Bitcoin fell below the $60,000 mark on Friday, June 5, 2026, recording its lowest level since the beginning of 2026 as a selloff wave spread across the crypto market. Downward pressure came from a record streak of outflows from US spot Bitcoin ETFs, a repricing of Fed interest rate expectations following a stronger-than-expected jobs report, and a wave of mass liquidations of leveraged positions.

Market Snapshot

Bitcoin at one point dropped to the $59,100 zone, breaking the $60,000 psychological threshold for the first time since late 2024, according to CoinGecko data. Before slightly recovering, BTC had fallen nearly 20% in just one week, marking one of the asset’s sharpest declines since the start of the year.

BTC price chart (D)….