Bitcoin is trading around $59,849 after sliding nearly 7% this week and falling below the key $60,000 level. U.S. spot Bitcoin ETFs are on track for their worst month ever, with investors pulling roughly $4 billion in June alone amid a stronger dollar and hawkish Fed signals. Binance founder CZ pointed to AI hype, global tensions, and the 4-year crypto cycle as all compounding each other. Not financial advice. Is this the shakeout before the next leg up, or is $60K the new ceiling?
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