Bitcoin Rebounds Above $61,000 After Hitting Four-Month Low

Bitcoin staged a modest recovery above $61,000 on June 6 after plunging to a four-month low of $59,743 on June 5. The selloff began June 2 when BTC broke below $70,000 amid $800 million in liquidations, Mt. Gox wallet movements, and MicroStrategy selling. Persistent ETF outflows of $3.7 billion, stronger U.S. jobs data, and rising yields accelerated the 15% weekly decline, pushing the Fear & Greed Index into extreme fear before bargain buying emerged.