If Bitcoin rebounds swiftly from its recent dip to $71,000 on June 6, over a billion dollars worth of short positions will be liquidated. On June 7, Bitcoin fell by 3.33% to $68,507 before slightly recovering above the crucial $69,000 level. This decline occurred amid broader macroeconomic uncertainty following the United States Employment Situation Summary Report, which revealed higher-than-expected job growth in May. In addition to Bitcoin’s drop, Ether also fell by 3.58% over 24 hours, while several altcoins like Solana, Dogecoin, and Pepe experienced significant declines of 5.61%, 8.70%, and 9.99%, respectively, according to CoinMarketCap data. This market plunge
![Solana [SOL] Outpaces Ethereum with Record-Breaking Network Speed and 3% Price Surge](https://resources.cryptocompare.com/news/77/30938244.jpeg "Solana [SOL] Outpaces Ethereum with Record-Breaking Network Speed and 3% Price Surge")
![Bitcoin [BTC] Signals Potential Rebound Amid Market Fear and Accumulation Trends](https://resources.cryptocompare.com/news/77/30940887.jpeg "Bitcoin [BTC] Signals Potential Rebound Amid Market Fear and Accumulation Trends")
