NEW YORK, June 7 -- The number that mattered most to cryptocurrency traders last week was not a price target or an analyst forecast. It was $60,000 - the floor that had held through Bitcoin's most turbulent stretches of 2026, the level that long-term bulls treated as the outer boundary of any healthy correction. On Friday, it gave way.

Bitcoin slid to an intraday low of $59,110, Bloomberg reported, marking the first confirmed move below $60,000 since October 2024 and completing a reversal that erased the entire post-election rally. From the record high of $122,000 reached in the months after President Donald Trump's November 2024 victory, Bitcoin has now surrendered more than half its peak value. What began as a sentiment shock in late M...