Bitcoin in danger of dropping to $60,000, with Zcash bulls turning their backs on ZEC

live Updated just now Bitcoin in danger of dropping to $60,000, with Zcash bulls turning their backs on ZEC AI bets are recording rapid profit-taking as Broadcom as outlook for AI-chip sales fell short of high expectations, driving down crypto markets. By Shaurya Malwa Make preferred on Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email just now · 6:19 AM Shaurya Malwa Share Share this post Copy link X icon X (Twitter) LinkedIn Facebook Email Bitcoin could drop to $60,000 next as BTC dives below key levels Bitcoin is trading just over $62,000 and roughly $2,700 above the $60,000 round number that's become the next obvious test on the way down. The price has now shed close to 16% from last week's $74,000-plus levels, with the bulk of the damage coming in the past three sessions as the AI trade rolled over globally. A break of $60,000 would put bitcoin back into territory it last visited during the February drawdown, with the next technical support sitting closer to $55,000. The supports that held bitcoin through earlier 2026 drawdowns are no longer in place. U.S. spot bitcoin ETFs have logged 15 straight sessions of net outflows totaling more than $4.7 billion. Strategy disclosed its first bitcoin sale since 2022 earlier this week and is no longer functioning as the marginal corporate buyer that absorbed selling through 2024 and 2025. Latest Crypto News 1 Bitcoin plunges to near $62,000 as the AI trade unwinds, HYPE falls 14% 11 minutes ago 2 Zcash plummets 30% as Shielded Labs reveals a major bug that went undetected for four years 36 minutes ago 3 Crypto Clarity Act in spotlight for bad-actor provisions as Senate process grinds forward 10 hours ago 4 OCC chief says Democrats applying sole political pressure in World Liberty charter choice 12 hours ago 5 'Dr. Doom'-backed Atlas Capital CEO says bitcoin could crash 70% before reaching $500,000 12 hours ago 6 Hyperliquid pulls back from record highs as Arthur Hayes exits position shy of $150 price target 14 hours ago 7 Crypto for Advisors: The crypto due diligence questions you forgot to ask 15 hours ago 8 Why tokenization is an ETF-style market structure revolution 15 hours ago 9 Not all Ethereum layer 2s are dying, but many general-purpose chains no longer have a reason to exist 16 hours ago 10 Tom Lee’s $250,000 ether target: Here’s what math says about this crazy prediction 16 hours ago Latest Research The Pre-IPO Perpetuals Category Takes Shape The Pre-IPO Perpetuals Category Takes Shape Binance launched Pre-IPO perpetuals May 21. Within days, it captured >60% category share; cumulative volume now ~$400M, with SPACEX dominating at 79%. By CoinDesk Research May 29, 2026 Binance launched Pre-IPO perpetuals May 21. Within days, it captured >60% category share; cumulative volume now ~$400M, with SPACEX dominating at 79%. Why it matters : Binance launched Pre-IPO perpetuals May 21. Within days, it captured >60% category share; cumulative volume now ~$400M, with SPACEX dominating at 79%. View Full Report More From Tech Not all Ethereum layer 2s are dying, but many general-purpose chains no longer have a reason to exist Apparent Zcash outage was a block explorer problem, infrastructure provider says Trezor says your crypto is safe after Ledger audit exposes a hardware flaw