Bitcoin back above $61,000 after rout leads to $1.6 billion liquidations
Bitcoin prices rebounded to approximately $61,000 after a sharp selloff triggered by a strong U.S. jobs report. The market volatility resulted in $1.6 billion in liquidations across the cryptocurrency sector.
Why it matters
The market reaction highlights the sensitivity of crypto assets to macroeconomic data and Federal Reserve interest rate expectations, which currently influence investor risk appetite.
Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email Bitcoin back above $61,000 after rout leads to $1.6 billion liquidations Bitcoin fell as low as $59,227 overnight before recovering, steadying after Friday s strong jobs report set off a selloff that sank the Nasdaq 100 about 5% and rattled stocks, bonds and crypto together. By Shaurya Malwa Jun 6, 2026, 6:40 a.m. 2 min read Make preferred on What to know : Bitcoin briefly fell below $60,000 before rebounding to about $61,000 in Saturday Asian trading, easing fears of a deeper breakdown after a weeklong slide. The drop followed a strong U.S. jobs report that spurred markets to price in higher-for-longer interest rates, sending Treasury yields and the dollar up while hammering stocks, especially AI-related names. Crypto markets saw heavy leverage washouts with about $1.6 billion in positions liquidated over 24 hours, as major tokens like ether and solana posted steep weekly losses and Zcash plunged amid a disclosed bug. Bitcoin reclaimed the $61,000 level in Asian morning hours Saturday after briefly dipping below $60,000 overnight, steadying after a strong U.S. jobs report on Friday triggered a sharp selloff across stocks, bonds and crypto.
The article provides a factual summary of market movements and the economic factors driving them.
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