Bitcoin Plunges Below $62,000, Ethereum Falls Below $1,800
On the night of 4 June 2026, the crypto market saw another downturn. Bitcoin briefly fell to $61,383, while Ethereum dropped to $1,717, according to TradingView.


On the night of 4 June 2026, the crypto market saw another downturn. Bitcoin briefly fell to $61,383, while Ethereum dropped to $1,717, according to TradingView.
Bitcoin broke above $80,000 on Monday, May 4, gaining 2.7% within three hours amid a rally in Asian equity markets. This marks the highest level since January 31, 2026.
In the first quarter of 2026, the price of the leading cryptocurrency fell by 22.2%, marking its worst start in eight years.
During the Memorial Day weekend, oil markets moved lower after US President Donald Trump stated that an agreement to restore shipping through the Strait of Hormuz was “mostly agreed,” pushing Brent crude below the $99 level while Bitcoin remained near $77,000 as US stock exchanges stayed closed for the holiday.
ChatGPT’s share of web traffic is gradually declining, while competitors continue gaining audience share. All of this is happening precisely at a time when businesses are increasingly beginning to look beyond OpenAI. For a long time, the word ChatGPT was almost synonymous with artificial intelligence. But now that association is becoming harder to defend.
American media outlet Axios shared details of a potential agreement currently being discussed between the United States and Iran. According to the report, the parties plan to extend the current ceasefire for another 60 days and hold comprehensive negotiations during this period on energy, maritime trade, and the nuclear programme.
On Sunday, the price of the $NEAR Protocol token hovered around $2.41, posting gains of approximately 54% over the past seven days and 13% over the last 24 hours. The move was driven by a combination of factors occurring simultaneously: a short squeeze, rotation into the artificial intelligence (AI) sector, and growing interest in products enabling blockchain abstraction.
Bitcoin rose on Sunday, recovering after a sharp decline earlier in the weekend following reports that the United States and Iran are nearing a potential agreement that could ease tensions in the Middle East.
This week, exchange-traded funds investing in spot Bitcoin through ETFs in the United States experienced strong capital outflows. The total net outflow from these funds amounted to approximately $1.26 billion, marking the largest weekly outflow since the end of January. In addition, net outflows were recorded for the sixth consecutive trading day.
On-chain data reveal important signals that have historically preceded notable price movements in $XRP. However, this time the situation is somewhat different, as some signals are conflicting and both bullish and bearish indicators are pointing to contradictory metrics.
Bitcoin declined on Saturday, trading above the $74,000 level as investors remained cautious amid ongoing geopolitical tensions in the Middle East and uncertainty surrounding cryptocurrency regulation in the United States.
Bitcoin once again attempted to consolidate above $78,000, but the rally quickly slowed amid worsening macroeconomic expectations in the United States. Pressure intensified following weak guidance from Walmart, rising oil prices, and renewed concerns surrounding the policy of the Federal Reserve System.
According to data from CryptoQuant, the share of XRP withdrawal transactions on Binance increased to 53% over the past seven days. At the same time, the share of deposit transactions declined to 47%.
Zcash is one such cryptocurrency, with its price rising by 100% over the past month to $650. As a result, its market capitalisation exceeded $11 billion, pushing the project to 13th place in the CoinGecko rankings.
Financial markets sharply reversed higher following reports of a possible peace agreement between the United States and Iran. Within minutes, the US stock market added roughly $500 billion in market capitalisation, while oil prices dropped sharply amid expectations of easing tensions around the Strait of Hormuz.
Bitcoin moved into a downward trend as active trading began on US exchanges. According to TradingView, shortly after the opening bell on Wall Street, the BTC/USD pair corrected below the $77,000 level.
According to the report, Bitcoin gained approximately 11.8% over the past 30 days, reaching $78,272. However, stagnant open interest in options and a 51% decline in put option premiums indicate that the rally was largely driven by spot buying activity. Analysts at VanEck stated that demand for downside hedging in the options market has dropped sharply, although investors remain cautious overall.
Over the past seven days, prices of most major cryptocurrencies showed positive momentum despite the trend among market leaders — Bitcoin and Ethereum, which declined by 4% and 6% respectively. Bitcoin remains near $77.7k, while Ethereum trades around $2.1k. Against this backdrop, several altcoins from the top 100 by market capitalization posted double-digit gains, significantly outperforming the broader market.
The value of NEAR Protocol surged by 30% to a daily high of $2.25, marking a gain of more than 70% since the beginning of May and briefly pushing its market capitalisation above $2.9 billion.