Bitcoin experienced a sharp correction in early June 2026, briefly breaking below $60,000 before recovering as a stronger-than-expected U.S. jobs report triggered a broad risk-off move across equities and crypto. The world's largest cryptocurrency fell to $59,227 overnight before rebounding to trade around $61,336.9 on June 6, 2026, marking one of the most volatile stretches of the year. The selloff wiped out approximately $1.6 billion in leveraged positions across crypto markets, underscoring the fragility of positioning ahead of key macro data releases.