# Gate Square Daily | June 26

1️⃣ Market Update: BTC has dropped below $60,000, currently at $59,851, down 1.7% in 24 hours, triggering approximately $600 million in long position liquidations across the network.
2️⃣ Institutional Moves: Strategy common stock fell below $90, hitting a new low since February 2024; STRC preferred stock fell below $76 during trading, down 24% from its $100 par value, marking the lowest closing price since listing.
3️⃣ Macro Trends: US core PCE annual rate for May came in at 3.4%, the highest since October 2023.
4️⃣ Industry Dynamics: SpaceX's stock price decline serves as a warning; OpenAI tends to postpone its IPO until next year.
5️⃣ TradFi Dynamics: US AI-concept stocks broadly plunged; Atlassian fell more than 8.38%; South Korean stocks dropped 5% triggering circuit breakers; SK Hynix fell 6%.
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