Bitcoin dropped below $60,000 as HYPE ETFs drew inflows (opens in new tab)

Bitcoin fell below $60,000 and touched around $59,000 on June 5, reaching its lowest level since 2024 and returning to a price range not seen in nearly two years. Die Presse reported that Bitcoin has more than halved from its October 2025 record high of $126,000. The selloff came with pressure from exchange-traded fund flows and concerns about corporate holders. Bitcoinist reported that Strategy disclosed a sale of 32 bitcoin from its reserve; Michael Saylor said the sale did not cause the de...