The total crypto market capitalization slipped to $2.07 trillion as Bitcoin fell below $60,000. The drop set off $622 million in liquidations over the past 24 hours. Market sentiment also deteriorated sharply, with the Fear and Greed Index at 17, indicating “extreme fear.”

Bitcoin and major altcoins slid sharply as liquidations reached $534 million over the last 24 hours. Risk appetite weakened across markets, pushing the Crypto Fear and Greed Index down to 20, in the “extreme fear” zone. ETF flows were mixed, with U.S. spot Bitcoin ETFs posting a net outflow of about $68 million on June 22 while Ethereum ETFs saw roughly $66 million leave.

Strategy founder Michael Saylor said the company bought 520 BTC for $35 million. The purchase lifts Strategy’s total Bitcoin holdings to 847,363 BTC. Saylor also said the firm holds a $1.4 billion cash reserve.

Bitcoin held around $63,500 even as U.S. spot BTC ETFs recorded $90.7 million in net outflows. At the same time, products tied to Solana and XRP drew fresh institutional interest as capital shifted. Ethereum, Solana and XRP also posted daily gains, while flows into Bitcoin and Ethereum ETFs stayed subdued.

Microsoft has identified a sophisticated “crypto clipper” malware campaign that spreads via USB devices and targets Bitcoin and Ethereum. The malware hijacks a victim’s system clipboard to replace copied wallet addresses with attacker-controlled ones. The company said the campaign has been active since at least February, according to its report.

Franklin Templeton is seeking SEC approval for two new ETFs that would use stock dividends to automatically buy Bitcoin. The proposed structure aims to link traditional equity income with crypto exposure in a single product, bridging Wall Street and digital-asset markets.

Aztec Labs is investigating a potential exploit after 1,158 ETH worth about $2 million was transferred from a legacy smart contract. The contract is tied to an Aztec payments product built in 2021 and later decommissioned four years ago. The company said the contracts are immutable and it has no administrative keys to pause the system or limit losses.

With the July 1 MiCA deadline approaching, crypto-asset service providers in the European Union must hold a full license to keep operating. BitGo is positioned to benefit after securing authorization via Germany’s BaFin in May 2025. Binance, meanwhile, may face difficulties getting its MiCA application approved in Greece, according to Reuters.

Michael Saylor shared another "Bitcoin tracker" update that market observers interpret as a possible signal of a forthcoming MicroStrategy Bitcoin purchase. The chart indicates the company held 843,706 BTC as of June 7 across 110 transactions, with an average cost of about $75,701 per BTC and an estimated value near $52.2 billion.