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.
XRP continued trading under pressure this week as weakening momentum indicators and declining speculative activity limited recovery attempts. The token held near $1.36 after repeatedly failing to reclaim key resistance zones. As a result, market sentiment remained cautious despite short-term stabilization around important support levels.
Bitcoin is trading at $77,208 on 22 May, remaining below all four EMAs, while spot Bitcoin ETFs are recording a second consecutive week of more than $1 billion in outflows. Meanwhile, Michael Saylor told CNBC that the market has already bottomed near $60,000 and is now entering what he describes as a “spring phase”.
Bitcoin edged lower on Thursday near $77,000 levels and was set for a weekly loss, as a fresh wave of liquidations and lingering uncertainty over U.S.-Iran negotiations weighed on broader risk sentiment.
On 8 June, Coinbase Derivatives will launch perpetual futures on stock indices within regulated US markets, giving traders direct exposure to artificial intelligence (AI), Chinese equities, defence industries, and the broader technology sector through four new thematic contracts.
The native token of the decentralised perpetual futures exchange Hyperliquid has surged more than 50% over the past week amid growing institutional interest. Strong demand for the asset in the United States has been compared to the performance of Bitcoin.
The native token of the Hyperliquid ecosystem has surged more than 50% in about a week and exceeded the $50 level for the first time in approximately eight months.
Bitcoin lost its recent gains after failing to hold above the $78,000 level and falling back to just above $77,000.
XRP is trading at $1.3710 on 21 May, sitting below all four EMAs, while the Supertrend indicator has turned bearish for the first time since April. Meanwhile, traders on Polymarket assign only a 6% chance of XRP reclaiming $1.50 by Saturday, while Crypto Michael describes the current move as a deliberate “shakeout” before a breakout begins.
Zcash, the privacy-focused cryptocurrency, surged more than 17% within six hours, reaching a new yearly high on 20 May. As a result of the rally, its monthly gains exceeded 90%, while its market capitalisation surpassed $11 billion, overtaking rival Monero.
Bitcoin rose close to $78,000 on Thursday as strong earnings from NVIDIA boosted optimism around artificial intelligence spending, while easing tensions in the Middle East supported demand for risk assets.
Around 10% of Bitcoin’s total supply is at risk due to the development of quantum computers, according to analytics platform Glassnode, which pointed to the need for implementing a quantum-resistant solution such as BIP-360.
$XRP traded within a narrow range on Wednesday as traders assessed mixed technical signals against improving long-term sentiment surrounding $XRP and Ripple. Although the token remained above key intraday support levels, derivatives activity and spot market flows continued to reflect investor indecision. Meanwhile, Ripple gained fresh institutional recognition after securing a prominent position in CNBC’s latest Disruptor 50 ranking.
Bitcoin is trading at $76,818 on May 20 after falling below $77,000, as spot Bitcoin ETFs recorded nearly $1 billion in outflows across just two trading sessions. At the same time, stablecoin dominance continues to maintain a breakout structure, while analysts remain sharply divided on whether the market is entering a major accumulation phase or whether the broader bear market is still ongoing.
US President Donald Trump announced that negotiations with Iran have reached the “final stage”. Speaking to reporters, Trump stated:“We’ll see what happens.”He added that the main question now is “whether the process will be completed militarily or whether Iran will sign an agreement.”Trump also said:“We may have to strike Iran harder, or maybe not.”
Total stablecoin market capitalisation has reached another all-time high, surpassing $323 billion. Over the past 30 days, most of the growth came from $USDT issued by Tether, while many competitors experienced declining market caps. At the same time, $USDC issued by Circle maintained leadership in transaction volume across all blockchain networks combined.
Hyperliquid’s native token, $HYPE, has once again moved into the spotlight following a major buying spree by a wallet linked to Silicon Valley venture capital giant Andreessen Horowitz (a16z). Over recent weeks, the address accumulated approximately $90.87 million worth of $HYPE. As a result, the market has once again begun discussing the possibility of a continued rally in the token.