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.
On Sunday, President Donald Trump issued a sharp warning to Iran, stating that time is running out as ceasefire negotiations between the US and Iran remain deadlocked while oil futures continue trading above $100 per barrel.
US spot exchange-traded funds (ETFs) tied to the price of Bitcoin lost $1 billion over the past week. This came after six consecutive weeks of capital inflows totaling $3.4 billion, according to analytics platform SoSoValue.
Over the past seven days, the stablecoin market reached a new record level of $323.343 billion, while net inflows totaled $1.542 billion. Tether posted modest growth of 0.04%, maintaining its market share at approximately 58.67%.
According to current data, total assets under management (AUM) have risen to $1.28 billion, while the amount of $XRP locked in ETFs now represents approximately 0.88% of the total circulating supply. Meanwhile, the price of $XRP fell by 1.22% over the past 24 hours and is currently trading at $1.42.
According to Bitstamp data, Bitcoin dropped to a low of $77,614 on 16 May. Several factors added pressure to the market simultaneously, including concerns over the US bond market, geopolitical tensions, and the threat of another wave of inflation.
The crypto market is showing signs of a return to a risk-on phase amid growing capital flows into ETFs, stablecoins, and centralized exchanges. Binance attracted the largest share of these inflows, accounting for 78% of all net inflows to CEXs in May. This was reported by Incrypted, citing CoinDesk data.
Bitcoin fell on Saturday, extending losses after a sharp deterioration in risk appetite triggered a wave of long liquidations as markets grew concerned about the ongoing confrontation between the United States and Iran, as well as rising inflation.
On May 15, following the latest network adjustment, Bitcoin mining difficulty increased by 3.12%, reaching 136.61 T.
Spot Bitcoin (BTC) exchange-traded funds recorded $1 billion in net outflows, bringing an end to a six-week inflow streak totaling $3.4 billion. Trading opened cautiously: on May 11, inflows reached $27.29 million, according to SoSoValue data. However, the situation changed sharply on May 12, when investors withdrew $233.25 million. Selling pressure intensified on May 13, with outflows reaching $635.23 million — the highest level during the five-day period.
Bitcoin dropped below the $79,000 level as global investor sentiment sharply deteriorated following the failure of the US-China summit and renewed geopolitical tensions in the Middle East.
Bitcoin may retest support at $79,400 with risks of forming a new downward impulse after bulls failed to overcome the $82,000 resistance level. This view was shared by analysts cited by Cointelegraph.
Ethereum is trading at $2,256 on 15 May, down 5.5% over the past three days, while Santiment reports $74.58 million in realised profits from wallets that accumulated below $2,000 during February lows and are now distributing holdings into the decline while they still can.
$XRP is trading at $1.4691 on 15 May, giving back part of the CLARITY Act rally after touching $1.5000 intraday, as the bill passes the Senate Banking Committee with a 15–9 vote and moves to the Senate floor, while two Democratic senators warned that their continued support is not guaranteed.
Data from May 15 regarding U.S. spot cryptocurrency ETFs showed that investor interest remains primarily focused on Bitcoin, while funds investing in Ethereum continue to face persistent outflow pressure. According to SoSoValue, spot Bitcoin ETFs recorded a net inflow of $131 million yesterday, while spot Ethereum ETFs experienced net outflows for the fourth consecutive trading day.
On Friday, Bitcoin rose after U.S. lawmakers advanced key cryptocurrency legislation. However, caution surrounding U.S.–China negotiations and the ongoing conflict involving Iran limited further gains.
Joint trade groups representing the U.S. banking sector stated that stablecoin regulation under the CLARITY Act should be further tightened. In a joint statement, industry representatives specifically called for stricter limitations on interest-like rewards offered to stablecoin holders.