In this video: Bitcoin Enters the 3rd Stage of the Bear Market. in this video we talk about investor psychology. Video by Benjamin Cowen.
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As of June 7, 2026, the live price of Bitcoin (BTC) is trading at approximately $61,350 to $61,770 (equivalent to around €53,600), marking a slight 0.09% to 1% recovery over the last 24 hours after a highly turbulent week that saw the cryptocurrency drop below $60,000.
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1. Macroeconomic Headwinds and Federal Reserve PressuresStronger-than-expected U.S. employment data has fueled market anxieties that the Federal Reserve may favor keeping interest rates elevated or potentially raising them rather than implementing expected rate cuts. This macro data triggered a sharp "risk-off" move across global equities on June 5, culminating in a 4.18% drop for the Nasdaq and a parallel flight from speculative assets, dragging Bitcoin under $60,000 before its current consolidation.
2. Institutional Sell-Offs and Treasury MovementsMarket sentiment was heavily dampened after MicroStrategy—often referred to simply as Strategy in current market circles—disclosed a minor sale of its massive Bitcoin treasury holdings. Compounding this, exchange-traded funds (ETFs) tracking BTC, ETH, and SOL experienced severe outflows totaling $4.4 billion over a continuous 13-session streak.
3. Wall Street Capital ReallocationOn-chain data and equity flows suggest institutional money is temporarily rotating away from crypto markets and redirecting capital toward prominent corporate tech funding rounds, including highly valued private entities like SpaceX, OpenAI, and Anthropic.
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