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

Price Volatility Capital Flow Stocks On-Chain Data

2026-06-06 02:04:38

BTC-3.12%

SOL-6.65%

DOGE-5.11%

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.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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OldXiaFromThe1980S

· 7h ago

13755938993 is a scammer, what should I do?

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