{"id":12104,"date":"2026-06-07T05:00:27","date_gmt":"2026-06-07T05:00:27","guid":{"rendered":"https:\/\/ad-doge.com\/blog\/bitcoin-price-plunges-to-59k-sparking-fears-of-deeper-decline\/"},"modified":"2026-06-07T05:00:27","modified_gmt":"2026-06-07T05:00:27","slug":"bitcoin-price-plunges-to-59k-sparking-fears-of-deeper-decline","status":"publish","type":"post","link":"https:\/\/ad-doge.com\/blog\/bitcoin-price-plunges-to-59k-sparking-fears-of-deeper-decline\/","title":{"rendered":"Bitcoin Price Plunges To $59K, Sparking Fears Of Deeper Decline"},"content":{"rendered":"

Capital rotation into artificial intelligence may have played a bigger role in Bitcoin’s latest selloff than most market watchers initially assumed.<\/p>\n

Michael Saylor, whose company Strategy<\/a> recently sold a portion of its Bitcoin holdings, pushed back on criticism and pointed instead to an unprecedented flow of money into AI infrastructure as a key factor behind the drop.<\/p>\n

Saylor Pushes Back On Blame<\/h2>\n

Strategy’s Bitcoin sale briefly made Saylor a target. TV personality Jim Cramer went as far as to say Saylor had “murdered Bitcoin,” a claim Saylor denied outright.<\/p>\n

He argued that capital markets have been funding the AI buildout at historic scale \u2014 roughly $400 billion over six months \u2014 and that the pressure on Bitcoin was a rotation of capital, not a sign of structural damage to the asset.<\/p>\n

SBI Holdings Chair Yoshitaka Kitao echoed that view, pointing to the upcoming IPOs<\/a> of SpaceX, Anthropic, and OpenAI as likely draws pulling money away from crypto.<\/p>\n

Jobs Data Delivers The Blow<\/h2>\n

The immediate trigger, however, was a US jobs report that caught markets off guard. The Bureau of Labor Statistics reported non-farm payrolls rose to 172,000 in May 2026, more than double the Wall Street estimate of 85,000. The unemployment rate held steady at 4.3%.<\/p>\n

That reading spooked investors. BNP Paribas said the data opens the door to as many as three Federal Reserve rate hikes, a scenario that historically weighs on risk assets like Bitcoin. From $62,500, BTC fell sharply to around $59,000 following the release.<\/p>\n

At the time of reporting, Bitcoin was trading at $59,990<\/a>, down 6% in 24 hours \u2014 its lowest price since October 2024.<\/p>\n

ETF Outflows Add To The Pressure<\/p>\n

Spot Bitcoin ETFs have now recorded 14 consecutive sessions of outflows, with cumulative negative flows approaching $5 billion.<\/p>\n

<\/p>\n

Bitget CEO Gracy Chen identified those outflows as a significant factor in the broader crypto market decline.<\/p>\n

\n

\u90a3\u4e2a\u8bf4\u8fc7\u5356\u80be\u4e0d\u5356\u5e01\u7684\u7537\u4eba\u7ec8\u4e8e\u90fd\u5356\u5e01\u4e86
\n\u73b0\u8d27ETF\u8fde\u7eed13\u5929\u51c0\u6d41\u51fa\uff0c\u7d2f\u8ba1$43.7\u4ebf\uff0c\u662f\u5386\u53f2\u6700\u957f\u8fde\u7eed\u6d41\u51fa\u7eaa\u5f55
\nBTC\u8dcc\u7a7f\u4e86\u6708\u7ebfEMA50\u652f\u6491\u7684$65K<\/p>\n

\u6211\u4e0d\u662f\u5728\u770b\u7a7a\u3002\u6211\u53ea\u662f\u89c9\u5f97\uff0c\u8be5\u8bf4\u7684\u98ce\u9669\u4e0d\u80fd\u88c5\u6ca1\u770b\u89c1\u3002\u2026 https:\/\/t.co\/Sj0Y8zanys<\/a> pic.twitter.com\/2f0QxTKJYM<\/a><\/p>\n

\u2014 Gracy Chen @Bitget (@GracyBitget) June 4, 2026<\/a><\/p>\n<\/blockquote>\n

On Friday alone, Bitcoin saw $545 million in total liquidations, according to CoinGlass data<\/a>. Long positions accounted for $444 million of that figure, meaning a wave of automated selling hit the market as prices fell through key levels, compounding the downward move.<\/p>\n

Whether the $59,000 zone holds as support remains to be seen. The combination of macro pressure, sustained ETF redemptions, and shifting capital flows has left the market on edge.<\/p>\n

Featured image from Unsplash, chart from TradingView<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Capital rotation into artificial intelligence may have played a bigger role in Bitcoin’s latest selloff than most market watchers initially assumed. Michael Saylor, whose company Strategy recently sold a portion of its Bitcoin holdings, pushed back on criticism and pointed instead to an unprecedented flow of money into AI infrastructure as a key factor behind…<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[398,22,51,5399,522,4753,2203],"class_list":["post-12104","post","type-post","status-publish","format-standard","hentry","category-bitcoin","tag-ai","tag-bitcoin","tag-crypto","tag-ipo","tag-michael-saylor","tag-spacex","tag-strategy"],"_links":{"self":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/posts\/12104","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/comments?post=12104"}],"version-history":[{"count":0,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/posts\/12104\/revisions"}],"wp:attachment":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/media?parent=12104"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/categories?post=12104"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/tags?post=12104"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}