{"id":74500,"date":"2026-06-24T18:35:53","date_gmt":"2026-06-24T18:35:53","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/bitcoin-hits-59018-after-a-5-drop-forcing-237m-in-long-liquidations\/"},"modified":"2026-06-24T18:35:53","modified_gmt":"2026-06-24T18:35:53","slug":"bitcoin-hits-59018-after-a-5-drop-forcing-237m-in-long-liquidations","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/bitcoin-hits-59018-after-a-5-drop-forcing-237m-in-long-liquidations\/","title":{"rendered":"Bitcoin Hits $59,018 After a 5% Drop, Forcing $237M in Long Liquidations"},"content":{"rendered":"

(Originally posted on : Bitcoin News )<\/b>
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<\/svg>Key Takeaways<\/span><\/h2>\n
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  • Bitcoin fell 5% to $59,018 on June 24, dragging crypto market cap to $2.15T.<\/span><\/li>\n
  • Long liquidations hit $486M; below $58K, $1.6B in leveraged bets face wipeout.<\/span><\/li>\n
  • Contrarians see capitulation; June 30, 2026, window may define bitcoin\u2019s next trend.<\/span><\/li>\n<\/ul>\n<\/div>\n<\/div>\n

    Bitcoin Hits New YTD Low Below $60K<\/h2>\n

    Bitcoin<\/span> dipped below $60,000 on June 24 amid a marketwide sell-off that saw the crypto<\/span> economy shed nearly 3% of its value in 24 hours. Market data shows bitcoin<\/span> plunged to $59,018, a new year-to-date low and the second time this month the cryptocurrency<\/span> has traded below the $60,000 threshold. It previously fell below this mark on June 5, when it tumbled to $59,353.<\/p>\n