Key Facts
Bitcoin rose about 2% to near $63,000 on Monday June 8 — a bounce after sliding below $60,000 on Friday to its lowest level of 2026.
The week was the worst since the FTX collapse, with the crypto market shedding roughly $390 billion and Bitcoin down about 15%.
Nearly $7 billion in leveraged positions were flushed during the rout, and the bounce is read as short-covering rather than fresh demand.
Sentiment never moved — the Fear and Greed Index sat at 12, extreme fear, both before and after the rebound.
