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

June 4, 2026No Comments1 Min Read

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.

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

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

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