Global Markets Experience Downturn as Bitcoin Falls Below $60,000

On June 6, the global financial markets witnessed a significant downturn, with US stocks and gold prices experiencing a decline. According to data from various exchanges, including Bitget, the Nasdaq 100 index dropped by 3%, while the S&P 500 index fell by 1.7%.

Spot gold also suffered a significant loss, falling over 3% during the day and reaching a price of $4,330 per ounce. This marked its lowest level since March 24.

The decline in US stocks and gold prices had a ripple effect on the cryptocurrency market, leading to Bitcoin falling below the $60,000 mark for the first time since October 2024, according to Bitget data.