How much were daily liquidations?

Daily liquidations reached $448 million, with $265 million from short positions.

What were the crypto losses in June?

Crypto losses from hacks in June exceeded $76 million.

Did Solana set new records?

Yes, Solana set new network records, but details have not been disclosed.

Crypto Update: Bitcoin Below $60K, Solana Hits Records, June Losses Top $76M

Bitcoin continues to decline to $58,600 with $448M in liquidations. Solana achieves new network records. June crypto losses exceed $76 million.

July 2, 2026

2 min read

Source: 99bitcoins

Key Numbers

bitcoin price

58,600

bitcoin daily change

-1.2%

daily liquidations

448M

short liquidations

265M

june losses

76M

In a crypto market update for July 2, 2026, Bitcoin (BTC) continues its decline to trade at $58,600, down 1.2% over the past 24 hours, according to a report from 99bitcoins. This comes as July maintains a bearish trend, despite a brief rally overnight that triggered $448 million in daily liquidations, with $265 million from short positions.

Market Details

Bitcoin (BTC)

Current Price: $58,600
Daily Change: -1.2%
Daily Liquidations: $448 million ($265 million from shorts)

Solana (SOL)

Solana sets new network records in transaction volume and activity, though specifics are not provided.

June Losses

Crypto losses from hacks and exploits in June exceeded $76 million, highlighting ongoing security risks.

Broader Context

This decline occurs amid regulatory concerns and global market volatility. BlackRock (BLK), the world's largest asset manager, has not commented on these developments. Investors are advised to monitor key support and resistance levels.

What This Means for Investors

Large liquidations indicate high volatility, warranting caution in risk management. Solana's record numbers may present opportunities, but security risks remain.

Frequently Asked Questions

Bitcoin is trading at $58,600, down 1.2% over the past 24 hours.

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This article was rewritten in Wrqti's editorial style based on information from the original source above. Content is informational only — not investment advice.