Bitcoin dropped below $61,000 today, causing over $260 million in long liquidations.

Here are some of the causes:

1) Rising Unemployment Rate

2) Strengthening Japanese Yen

3) Fear for World war 3.

We should just hold on for Fed to resolve this and BTC may bounce back.

$BTC

BTC

62,700

-1.89%

$ETH

ETH

1,696.41

-1.90%