Live markets: bitcoin's plunge continues, putting February $60,000 low back in play

Bitcoin's selloff deepened on June 3, with CoinDesk reporting that the token fell below $66,000 as traders kept an eye on February's $60,000 low.

The latest drop extended a move that began on June 2, when bitcoin briefly traded below $68,000 and raised questions about whether the market could hold near recent support levels. By June 3, the decline had widened enough to revive talk of a retest of the February low.

The move came after Strategy disclosed in an SEC 8-K that it sold 32 bitcoin between May 26 and May 31 for about $2.5 million. The filing confirmed the first bitcoin sale by the company since 2022.

CoinDesk also reported broader weakness across crypto markets, with traders rotating into stablecoins and other assets while liquidations mounted. One report put the total at about $1.84 billion as bitcoin fell below $66,000.

For now, the key question is whether bitcoin stabilizes above the June 3 intraday lows or keeps sliding toward the February $60,000 area.