A sharp decline in Big Tech stocks and volatility in oil markets triggered broad sell-offs across financial markets on Monday, June 8 – pushing Bitcoin toward the critical $60,000 support level, according to market data.
The Nasdaq composite fell 3.2%, with major technology firms such as Apple, Microsoft and Nvidia losing between 4% and 6% of their value, according to reports from financial exchanges. Bitcoin dropped to $61,200 as of 2:30 p.m. EST, down 4.5% in the past 24 hours.
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