Bitcoin Crumbles Toward $60K, Strategy Sold BTC, Zcash Faces Critical Vulnerability: Weekly Crypto Recap

It was quite the week for the cryptocurrency markets, dominated to a very large extent by the bears. Here’s the breakdown.

The previous weekend was quite sluggish, although BTC had already declined to $74,000 from the May top of almost $83,000. However, the worst was yet to take place. As the new business week and month began on Monday, bitcoin experienced a quick and painful decline. It first dumped toward $70,000, and even though that psychological level held the first breakdown attempt, it eventually gave in, and the landscape quickly worsened.