
Bitcoin Longs Worth $700M Liquidated as Price Falls Below $60K
Over $700 million in Bitcoin long positions were wiped out as BTC slipped under $60,000, reflecting weak demand and sustained losses across the market.
Topic

Over $700 million in Bitcoin long positions were wiped out as BTC slipped under $60,000, reflecting weak demand and sustained losses across the market.

A look at the key crypto market developments from the fourth week of June 2026, as tracked and summarized by Sanbase's weekly briefing series.

Bitcoin is hovering near $60,000 as traders and analysts argue over whether the cryptocurrency's historic 4-year cycle still drives price action or institutions have rewritten the rules.

Japanese financial giant SBI Holdings has agreed to buy crypto exchange Bitbank for $289 million, marking one of Japan's biggest crypto sector deals.

U.S. senators are demanding a formal investigation into reports of a secret cryptocurrency deal between Trump and the UAE, insisting officials testify under oath.

Live crypto and gold trading sessions are increasingly paired with personal finance topics like mortgage advice, reflecting a broader shift in how retail traders consume financial content.

A new CoinShares report finds UK financial advisers have a significant blind spot around crypto assets, raising questions about client guidance quality.

Bitcoin is trading around $62,400 as selling pressure begins to ease, but weak buying demand is keeping the market in a tight consolidation range.

June has brought a cold snap to crypto markets while Elon Musk endures a turbulent stretch, with both stories converging around uncertainty in digital assets.

The Crypto Company's audit committee has determined that its FY 2024 audited financial statements should no longer be relied upon, according to an SEC filing.

XRP has slipped lower amid broad crypto market weakness, but large-wallet accumulation is drawing attention from traders watching for a potential bullish turn.

Cantor Fitzgerald's planned $4 billion Bitcoin SPAC merger has hit a delay, with the shareholder vote now rescheduled to July 2 from its earlier date.