Bitcoin's (CRYPTO: BTC) has imploded 15% over the past week, plunging below $62,000 in early morning hours Thursday.

Bitcoin plunged to nine-week lows around $65,000, wiping out $1.8 billion in crypto positions and raising fears of a deeper move toward $60,000.

Veteran commodity strategist and Bloomberg analyst Mike McGlone says Bitcoin (CRYPTO: BTC) and broader crypto markets may still be far from a true bot

Bitcoin crashes below $63,000 amid market volatility. Bitcoin reaching $71K by June 3 at 0.1% YES.