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