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Bitcoin briefly drops below $62,000 as $1.5 billion in crypto longs get wiped out

POL June 4, 2026 1 minute read

Bitcoin briefly drops below $62,000 as $1.5 billion in crypto longs get wiped out

Presto Research says bitcoin’s drawdowns this year have coincided with rallies in AI stocks and gold as markets scale back expectations for Fed rate cuts. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data Read More

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