{"id":98735,"date":"2026-06-05T16:34:40","date_gmt":"2026-06-05T16:34:40","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=98735"},"modified":"2026-06-05T16:34:40","modified_gmt":"2026-06-05T16:34:40","slug":"bitcoins-price-drops-below-60k-for-the-first-time-since-october-2024","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=98735","title":{"rendered":"Bitcoin\u2019s Price Drops Below $60K for the First Time Since October 2024"},"content":{"rendered":"
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The cryptocurrency market continues to suffer.<\/p>\n

Over the past 24 hours, Bitcoin\u2019s price has fallen by a considerable 5.5%. More notably, it dipped below the coveted $60,000 level for the first time since October 2024.<\/p>\n

\"BTCUSD_2026-06-05_19-13-01\"<\/a>
Source: TradingView<\/figcaption><\/figure>\n

As\u00a0CryptoPotato\u00a0<\/em>reported<\/a> earlier, the move reflects a broader market downturn where altcoins are suffering equally, if not worse than Bitcoin.<\/p>\n

This has resulted in a whopping $1.5 billion worth of liquidated derivatives positions throughout the past 24 hours, as the downturn doesn\u2019t appear to ease.<\/p>\n

BTC\u2019s price has bounced slightly after dropping to $59,743 and it\u2019s interesting to see if this level will be able to halt further downside.<\/p>\n

Moreover, the most recent crash comes as the US jobs report was posted a few hours ago. According to it, the US economy has managed to add 172,000 jobs in May, which exceeded expectations of 85,000.<\/p>\n

The unemployment rate was 4.3%, which is in line with expectations, making this the second-strongest US jobs report in the past 13 months.<\/p>\n

Despite the news, the S&P 500 tumbled 1.7% on the day, which suggests that the risk-on trade is growing colder, at least for now. This is further confirmed by declines in the NYSE Composite, Nasdaq Composite, as well as the Dow Jones Industrial Average.<\/p>\n

In other words, the drop is not isolated to crypto, but the fact is that it has been far more pronouneced.<\/p>\n

The post Bitcoin\u2019s Price Drops Below $60K for the First Time Since October 2024<\/a> appeared first on CryptoPotato<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

The cryptocurrency market continues to suffer. Over the past 24 hours, Bitcoin\u2019s price has fallen by a considerable 5.5%. More notably, it dipped below the coveted $60,000 level for the first time since October 2024. Source: TradingView As\u00a0CryptoPotato\u00a0reported earlier, the move reflects a broader market downturn where altcoins are suffering equally, if not worse than […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-98735","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/98735","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=98735"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/98735\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=98735"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=98735"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=98735"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}