Bitcoin falls below $60,000 as jobs data, ETF outflows and liquidations hit crypto

Bitcoin and Ether sold off sharply on June 6 as stronger-than-expected U.S. nonfarm payrolls data reduced expectations for near-term Federal Reserve easing, adding to pressure from continued spot Bitcoin ETF outflows and broader market risk aversion. Bitcoin fell to about $59,769.84 in one account and around $61,100 in another, briefly testing or slipping below its 200-week moving average, while Ether dropped to roughly $1,524.44-$1,585. The Alternative.me Crypto Fear and Greed Index fell to 12, signaling extreme fear, as total crypto liquidations reached $1.829 billion over 24 hours and total crypto market capitalization lost about $110 billion.

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