Live updates: Bitcoin narrows early losses, returns to $62000 as Nasdaq bounces to close down 1%

coverage ended Jun 9, 2026, 10:00 PM Crypto prices rose on Monday following last week’s crash, but the bears still appear to be in control. Bitcoin drifts lower Tuesday (Getty images) Bitcoin re-takes $62,000 as stocks close off worst levels The Nasdaq tumbled more than 3% at one point on Tuesday, helping to drag bitcoin (BTC) nearly all the way back to $60,000. An afternoon rally, however, narrowed the Nasdaq’s decline to just 1%, and bitcoin bounced alongside, trading at $62,000 just after the market close. Bounce or not, crypto-related stocks were clobbered across the board, with Coinbase (COIN) decining 4.1% and Strategy (MSTR) 8%. A notable outperformer was Galaxy Digital (GLXY), rising 7.1% as investors reassess the company’s valuation in light of its rapid data center expansion. The House hearing on crypto tax rules — kicking off 55 minutes late — began with Ways and Means Chairman Jason Smith laying out issues with reporting crypto taxes as they stand. The committee will review eight discussion drafts, he said, and examine issues such as the inability to buy a cup of coffee with crypto without incurring a heavy tax burden. House crypto tax rule hearing about to start The House
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