Bitcoin Drops, Trump Family Earns Big from Crypto

Bitcoin's price took a hit on June 10, falling by nearly 3% overnight to $61K before recovering to $61,500. The decline was not accompanied by a significant liquidation event, with only $400M in positions being wiped out, most of which were from long trades.

The Fear & Greed Index has fallen back under 10, indicating 'Extreme Fear' levels, but ongoing geopolitical tensions and rising living costs may undermine this as a buy signal. The index has historically suggested buying opportunities when it reaches these levels.

In other news, the Trump family's crypto initiatives have reportedly generated over $2.3Bn in earnings, with minimal financial risk taken by the family. This figure is comparable to the estimated losses of investors who participated in these projects.