Bitcoin slides to $59,000 after May 2026 jobs data, ETF outflows add pressure
Bitcoin fell from $62,500 to around $59,000 after the May 2026 U.S. jobs report, and was last quoted at $59,990—down 6% over 24 hours and the lowest level since October 2024. The move came as spot Bitcoin ETFs logged 14 straight sessions of outflows nearing $5 billion, while CoinGlass data showed $545 million in liquidations on Friday, including $444 million in longs.