Mon, June 8, 2026 at 2:56 PM UTC What happened: Bitcoin (BTC-USD) rebounded nearly 3% on Monday to hover above $63,000 as the overall market rose following last Friday's steep sell-off. What's behind the move: The world's largest cryptocurrency was recovering from sharp losses incurred last week, when the token fell below $60,000, more than 50% below its October all-time high. Over the past month, bitcoin has tumbled roughly 20%, with year-to-date losses mounting to more than 27%.