{"id":46206,"date":"2026-06-05T16:20:39","date_gmt":"2026-06-05T16:20:39","guid":{"rendered":"https:\/\/cryptd.in\/bitcoins-price-drops-below-60k-for-the-first-time-since-october-2024\/"},"modified":"2026-06-05T16:20:39","modified_gmt":"2026-06-05T16:20:39","slug":"bitcoins-price-drops-below-60k-for-the-first-time-since-october-2024","status":"publish","type":"post","link":"https:\/\/cryptd.in\/lt\/bitcoins-price-drops-below-60k-for-the-first-time-since-october-2024\/","title":{"rendered":"Bitcoin\u2019s Price Drops Below $60K for the First Time Since October 2024"},"content":{"rendered":"<p>The cryptocurrency market continues to suffer.<\/p>\n<p>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<figure aria-describedby=\"caption-attachment-1439086\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2026\/06\/BTCUSD_2026-06-05_19-13-01-scaled.png\"><img decoding=\"async\" class=\"size-full wp-image-1439086\" src=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2026\/06\/BTCUSD_2026-06-05_19-13-01-scaled.png\" alt=\"BTCUSD_2026-06-05_19-13-01\" width=\"2560\" height=\"1649\" \/><\/a><figcaption class=\"wp-caption-text\">Source: TradingView<\/figcaption><\/figure>\n<p>Kaip\u00a0<em>CryptoPotato\u00a0<\/em><a href=\"https:\/\/cryptopotato.com\/bitcoin-crumbles-toward-60k-strategy-sold-btc-zcash-faces-critical-vulnerability-weekly-crypto-recap\/\" target=\"_blank\">prane\u0161\u0117 .<\/a> earlier, the move reflects a broader market downturn where altcoins are suffering equally, if not worse than Bitcoin.<\/p>\n<p>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<p>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<p>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<p>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<p>Despite the news, the S&amp;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<p>In other words, the drop is not isolated to crypto, but the fact is that it has been far more pronouneced.<\/p>\n<p>Prane\u0161imas <a href=\"https:\/\/cryptopotato.com\/bitcoins-price-drops-below-60k-for-the-first-time-since-october-2024\/\">Bitcoin\u2019s Price Drops Below $60K for the First Time Since October 2024<\/a> appeared first on <a href=\"https:\/\/cryptopotato.com\/\" rel=\"nofollow\">CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"<p>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 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":46208,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-46206","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-feeds"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Bitcoin\u2019s Price Drops Below $60K for the First Time Since October 2024 - cryptd.in<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptd.in\/lt\/bitcoins-price-drops-below-60k-for-the-first-time-since-october-2024\/\" \/>\n<meta property=\"og:locale\" content=\"lt_LT\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin\u2019s Price Drops Below $60K for the First Time Since October 2024 - cryptd.in\" \/>\n<meta property=\"og:description\" content=\"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 [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptd.in\/lt\/bitcoins-price-drops-below-60k-for-the-first-time-since-october-2024\/\" \/>\n<meta property=\"og:site_name\" content=\"cryptd.in\" \/>\n<meta property=\"article:published_time\" content=\"2026-06-05T16:20:39+00:00\" \/>\n<meta name=\"author\" content=\"cryptd.in\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cryptd.in\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minut\u0117\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/cryptd.in\\\/bitcoins-price-drops-below-60k-for-the-first-time-since-october-2024\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/cryptd.in\\\/bitcoins-price-drops-below-60k-for-the-first-time-since-october-2024\\\/\"},\"author\":{\"name\":\"cryptd.in\",\"@id\":\"https:\\\/\\\/cryptd.in\\\/#\\\/schema\\\/person\\\/7973e8183bc6723b86adfe84d5af0ce4\"},\"headline\":\"Bitcoin\u2019s Price Drops Below $60K for the First Time Since October 2024\",\"datePublished\":\"2026-06-05T16:20:39+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/cryptd.in\\\/bitcoins-price-drops-below-60k-for-the-first-time-since-october-2024\\\/\"},\"wordCount\":254,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/cryptd.in\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/cryptd.in\\\/bitcoins-price-drops-below-60k-for-the-first-time-since-october-2024\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cryptd.in\\\/wp-content\\\/uploads\\\/2026\\\/06\\\/Bitcoin_Crash-BZXtn0.jpg\",\"articleSection\":[\"Feeds\"],\"inLanguage\":\"lt-LT\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/cryptd.in\\\/bitcoins-price-drops-below-60k-for-the-first-time-since-october-2024\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/cryptd.in\\\/bitcoins-price-drops-below-60k-for-the-first-time-since-october-2024\\\/\",\"url\":\"https:\\\/\\\/cryptd.in\\\/bitcoins-price-drops-below-60k-for-the-first-time-since-october-2024\\\/\",\"name\":\"Bitcoin\u2019s Price Drops Below $60K for the First Time Since October 2024 - 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