Morning Minute is a daily newsletter written by Tyler Warner.
The analysis and opinions expressed are his own and do not necessarily reflect those of Decrypt
And check out our new daily news show covering all of the top stories in 5 minutes, downloadable on Apple Pod or Spotify. GM! Today’s top news: – Bitcoin rebounds to $63.5k after falling sub-$60k on Friday – ZEC rebounds 50%+ after Ironwood proposal allowing independent verification – Congress brings 7 crypto tax bills to hearing this week – SpaceX IPO set for Thursday, June 12, priced at $135 per share – Yuga Labs whitehats step in to save NFTs during Flooring Lab exploit 📉 Bitcoin Falls Below $60k Before Recovery Bitcoin fell below $60,000 for the first time since October 2024 on Friday, hitting a low of $59,227 before recovering to around $63,000 as dip buyers stepped in.
There were over $1.6 billion in liquidations as ETH touched $1,500, SOL hit $63.75 and multiple recent alt movers lost double digit percent. In sum, crypto has erased ~$2.5 trillion in total market cap since the October 2025 all-time high. As for the drivers, 3 are jumping out: – The jobs report and rate hike repricing.