Bitcoin fell below $60,000 on Friday, touching its lowest level since October 2024, while crypto liquidations surged to $1.77 billion over the past 24 hours. The world's largest cryptocurrency was last trading at around $60,215 and has declined nearly 15% in the first week of June.
Over the past 24 hours, Bitcoin dropped 5%, while Ethereum tumbled 12% to $1,524. Major altcoins, including BNB, XRP, Solana, Tron, Hyperliquid, Dogecoin, and Cardano, also came under pressure, falling by as much as 11%.
