According to CoinWorld, Bitcoin's price has fallen below $60,000, with the latest trading price at approximately $59,400. This decline stems from strong US employment data, prompting traders to lower their expectations for a Federal Reserve rate cut. The latest data shows that the US economy added 172,000 non-farm payroll jobs in May, far exceeding the expected 85,000, while the unemployment rate remained at 4.3%. This data triggered market concerns about policy tightening, causing Bitcoin to fall by approximately $19,000 over the past 10 days, breaking below the $60,000 support level for the first time. Meanwhile, liquidations in the derivatives market exacerbated the selling pressure, with over $155 million in long positions liquidated in the past 24 hours. Despite this, institutional inflows showed some signs of stabilization; on June 4th, the US spot Bitcoin ETF recorded a net inflow of approximately $3 million, ending 13 consecutive days of outflows.