Bitcoin Falls Below $60,000 with 6.12% Drop in 24 Hours

News Editor

2026-06-05 20:00:49

According to Gate market data, BTC/USDT is now at $59,968.9, down 6.12% over the past 24 hours.

BitcoinBTCpricedropGatemarket data

ChainCatcher reports that Gate market data shows BTC/USDT trading at $59,968.9, marking a 6.12% decline in the past 24 hours. Bitcoin’s price has slipped below the $60,000 threshold.

The $60,000 level serves as a psychologically important marker. Breaking below it often indicates heightened selling pressure. Today’s drop of over 6% highlights the prevailing cautious sentiment among traders.

Bitcoin’s movement continues to set the tone for the broader digital asset market. Market participants will monitor whether the price can reclaim $60,000 and regain upward momentum.

This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan.

300

Disclaimer:

The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.

Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.