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Bitcoin Breaks Below $60K on Friday, Erasing All Gains Since Trump's Victory

GateNews
Price VolatilityCapital FlowStocksOn-Chain Data
BTC4.23%
SOL3.70%
DOGE4.34%

On Friday (June 5), Bitcoin fell below $60,000 for the first time since October 2024, marking a significant reversal. The decline has erased nearly all gains accumulated following Trump's election victory. Over the past six trading days, Bitcoin has declined 18%, with year-to-date losses exceeding 30%.

Spot Bitcoin ETFs have experienced outflows, with BlackRock's iShares Bitcoin Trust (IBIT) recording net redemptions exceeding $3.1 billion between May 18 and June 3. Major cryptocurrencies including Ripple, Solana, and Dogecoin have also declined sharply over the past week.

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Comment
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OldXiaFromThe1980Svip
· 06-06 02:52
13755938993 is a scammer, what should I do?
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