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.
The cryptocurrency industry in the United States risks remaining without regulatory rules until the end of the current year. According to CoinDesk, Senator Kirsten Gillibrand called an ethics provision a critical condition for advancing the new legislation. According to her, the Digital Asset Market Clarity Act may fail to pass without a ban preventing officials from profiting from the crypto industry.
The five largest known Bitcoin holders store more than 2.3 million Bitcoin worth approximately $191 billion on their balances, according to data from Bitcoin Treasuries as of May 6. This represents more than 11% of Bitcoin’s total possible supply, which is capped at 21 million coins.
Ethereum is approaching a decisive moment as price action, derivatives positioning, and network innovation converge to shape its near-term outlook. On the 4-hour chart, Ethereum shows a recovering structure with improving momentum, although strong resistance continues to limit gains.
The price of the leading cryptocurrency climbed above $82,000, reaching a three-month high. Analysts at K33 Research noted that prolonged market pessimism is creating conditions for further growth.
The leading cryptocurrency, Bitcoin ($BTC), started the new week strongly and continues this trend. Today, $BTC rose above $82,000 following news about the possible end of the conflict between the United States and Iran.
Zcash staged a powerful rally, pushing price action into a steep upward move that reflects strong bullish sentiment. The recent surge lifted Zcash ($ZEC) to $547.68, marking a sharp 30% daily gain.
Bitcoin stabilized on Wednesday, slightly trimming intraday gains after the largest corporate holder of cryptocurrency, Strategy, announced the possibility of selling part of its holdings. Nevertheless, Bitcoin remained near a three-month high, while the broader cryptocurrency market also showed mostly positive momentum amid growing hopes for de-escalation between the United States and Iran.
Strategy (MSTR), which attracted attention with its Bitcoin investments, announced its financial results for the first quarter of 2026.
Net inflows into spot Bitcoin exchange-traded funds (ETFs) reached $532.2 million on Monday, May 4. Over the past three trading days, total inflows amounted to $1.18 billion, following inflows of $629.7 million on May 1 and $14.8 million on April 30, according to data from SoSoValue.
Bitcoin and altcoins continue to feel the impact of recent events and statements between the United States and Iran. Bitcoin recently surpassed the $80,000 level for the first time since January, and May forecasts from the analytics platform Polymarket were also published.
Bitcoin has returned to the $80,000 zone but failed to hold above it. Fresh volatility emerged following reports of an Iranian strike on an oil facility in the United Arab Emirates. As a result, oil prices surged, US equities came under pressure, and the crypto market shifted back into a cautious mode.
Bitcoin reached a three-month high on Tuesday, maintaining an overall optimistic outlook, although the pace of recent gains slowed due to rising tensions in the Middle East, prompting investor caution. Attention is also focused on the upcoming earnings report from Strategy Inc, the largest corporate holder of Bitcoin, expected later the same day.
Recent Bitcoin price action shows the market at a critical decision point as bullish momentum slows near a major resistance ceiling. While the broader structure still favors buyers, recent data suggests a shift toward caution. Traders are now watching whether Bitcoin can sustain its uptrend or enter a deeper consolidation phase after weeks of strong gains.
Solana is trading at $85.64 on May 4, up 2%, while the monthly Polymarket pricing shows a 70% probability of closing at $90 in May, and on-chain data shows $381 million in ecosystem inflows over the past three months, with 69% coming from Ethereum.
Zcash surged above $400 for the first time since January, reaching a peak of $424 on May 3. This marks a 100% recovery from early-year lows and brings it closer to Monero.
Bitcoin reached a three-month high on Monday, driven by a wave of ETF inflows and long positioning, although spot demand remained relatively weak.