Bitcoin falls to $59,743 as $1.57B liquidations hit and market loses $200B

Bitcoin slid under $60,000 on Friday, June 5, 2026, touching $59,743 after a sharp 4% drop over 24 hours. The sell-off was accompanied by about $200 billion being wiped from total crypto market value and $1.57 billion in leveraged liquidations, dominated by long positions.