Bitcoin Price Today, June 10 -- Bitcoin has climbed back above the $60,000 mark after briefly slipping below the key psychological level last week on Friday for the first time since October 2024. However, despite the recovery, the world's largest cryptocurrency remains under intense pressure after suffering its steepest weekly decline since the collapse of Sam Bankman-Fried's FTX exchange in 2022.

The decline culminated in a 16% slump over the seven days through Sunday, making it Bitcoin's worst weekly performance since November 2022, when the FTX bankruptcy triggered a 23% weekly collapse. FTX, once one of the world's largest crypto exchanges and valued at around $32 billion, filed for bankruptcy on November 11, 2022, after it was revea...