DEGEN WIRE

← THE WIRE // COINDESK.COM // 5H AGO // Crypto

BTC TUMBLES TO $60K — ZCASH CRASHES 40% ON 4-YEAR BUG REVEAL

Bitcoin dropped to $60K as strong jobs data spoked traders, while Zcash nosedived 40% after devs disclosed a critical 4-year-old bug—both moves crushing leveraged longs across crypto markets. The employment print hit harder than expected, forcing liquidations that dragged the entire sector lower despite ongoing recovery chatter.

Major market move with specific price, catalyst (Zcash bug), and liquidation pressure tied to NFP data.

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Originally headlined: Live updates: bitcoin tumbles to $60,000 as blowout jobs data, Zcash bug keeps pressure on crypto