Bitcoin steadied in early Asia trading on Monday after dropping below $60,000 late last week as Strategy Inc. Chairman Michael Saylor hinted at further purchases.

The bitcoin price has dropped sharply, fueling fears a massive bitcoin price crash could be about to hit the crypto

Satoshi-era Bitcoin at the heart of New York lawsuit moves on-chain.

Bitcoin spent Sunday evening, June 7, trading as a real-time diplomatic scoreboard. Israel struck sites in south Beirut linked to Hezbollah, the Iran-backed militant group active

The prices of two other tokens, Ethereum and Solana, also rose on Monday, gaining 3.25% and 4.18%, respectively. Ethereum, the second-largest cryptocurrency, was trading at $1,649.42 after falling 17.

Bitcoin has recovered more than $3,000 from its weekend low after buyers defended the $60,000 level, and a wave of short covering helped lift prices back above $63,000. According to CoinGecko data, Bitcoin traded near $62,700 on June 8 after briefly falling below $60,000 on June 6, its first break of the level since 2024.

The weeklong sell-off was exacerbated after a stronger-than-expected May jobs report Friday sent yields higher and pressured risk assets.

In the crypto market, it's still "Bitcoin season." That means it's time to load up on Bitcoin and wait for the broader crypto market to recover. Later, once Bitcoin has ignited a broader crypto recovery, it becomes " altcoin season ." That's the time to rotate into riskier altcoins.

By Amanda Cooper LONDON, June 5 (Reuters) - Bitcoin is heading for its worst performance for this point in the year in at least a decade, as booming AI stocks and a series of glittering upcoming new listings such as SpaceX lure away capital from the world's largest cryptocurrency.

While U.S. stocks have kept notching record highs, bitcoin is sliding to its weakest level in months.