Coin World News, Bitcoin rebounded to around $61,500 on Thursday morning, but had previously fallen to $59,175, its lowest point since early June. Nearly $1 billion in futures positions were liquidated across major crypto assets, including Bitcoin, Ethereum, and Solana. This decline triggered approximately $430 million in long liquidations of Bitcoin futures. Bitcoin has fallen about 10% since its peak near $65,500 on Monday. The market is affected by factors such as the Federal Reserve's hawkish policies, six consecutive weeks of ETF outflows, reduced summer liquidity, and the expiration of options on June 30.
Coin World News, Bitcoin rebounded to around $61,500 on Thursday morning, but had previously fallen to $59,175, its lowest point since early June. Nearly $1 billion in futures positions were liquidated across major crypto assets, including Bitcoin, Ethereum, and Solana. This decline triggered approximately $430 million in long liquidations of Bitcoin futures. Bitcoin has fallen about 10% since its peak near $65,500 on Monday. The market is affected by factors such as the Federal Reserve's hawkish policies, six consecutive weeks of ETF outflows, reduced summer liquidity, and the expiration of options on June 30.