Bitcoin Drops Below $60K as Institutional Pressures Mount, Deutsche Bank Says

Bitcoin (BTC) briefly fell below the $60,000 mark on June 5, reaching its lowest level since late 2024, as a combination of macroeconomic and market-specific factors weighed heavily on the cryptocurrency. According to a recent Deutsche Bank report, the decline highlights bitcoins growing transformation into an institutional asset whose price is increasingly influenced by fund flows, monetary policy expectations, and broader investment trends. The investment bank noted that several factors contributed to the recent bitcoin sell-off. A more hawkish outlook from the U.S. Federal Reserve,…  Read more

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