Bitcoin has remained under pressure since June 24, when it fell below $60,000 as investors retreated from risk assets. Selling intensified on June 25, sending Bitcoin below $59,000 for the first time since September 2024 and dragging the broader cryptocurrency market lower. The total crypto market capitalization has since fallen to about $2.01 trillion, according to market data. The downturn triggered heavy liquidations across crypto derivatives markets. More than $657 million worth of leveraged positions were wiped out on June 24, followed by another $1.4 billion on June 25, marking one of the largest liquidation ... (full story)