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Crypto Market Plummets: $600M Liquidated Amid Regulatory Fears

6/1/2025

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Summary

Story summary

Bitcoin and altcoins see over $600M in long positions liquidated within 24 hours.
China's ban on crypto ownership and Thailand's crackdown on unlicensed exchanges dampen market sentiment.
Spot Bitcoin ETFs experience $358M in outflows, breaking a 10-day inflow streak.
The total crypto market cap declines by 4.6%, reaching $3.45 trillion due to regulatory pressures and investor anxiety.

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Story summary

Bitcoin and altcoins see over $600M in long positions liquidated within 24 hours.
China's ban on crypto ownership and Thailand's crackdown on unlicensed exchanges dampen market sentiment.
Spot Bitcoin ETFs experience $358M in outflows, breaking a 10-day inflow streak.
The total crypto market cap declines by 4.6%, reaching $3.45 trillion due to regulatory pressures and investor anxiety.