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.
Crypto exchange Kraken has launched a new Bitcoin yield product, offering users annual returns of up to 2.5% on long-term $BTC without the need to interact directly with DeFi protocols. The product, called Bitcoin Vault, operates through Kraken Earn and allows clients to maintain spot exposure to Bitcoin while earning yield in $BTC generated through on-chain lending and liquidity strategies.
$XRP continues to attract aggressive speculation as traders monitor unusual derivatives activity and critical technical levels. The token was trading near $1.28 at the time of publication after slight daily losses.
Bitcoin’s uptrend against gold, which had lasted for the past three months, was interrupted as investors began to prefer the precious metal as a store of value.
Ethereum price has continued struggling to build momentum above the $2,000 level after repeated rejection near major resistance zones. Analysts have warned that another wave of selling could drag $ETH toward the $1,800 region if current support levels fail.
On Thursday, Bitcoin fell below the $73,000 mark, reaching its lowest level in more than six weeks, as new U.S. military strikes on Iran undermined risk appetite and triggered a wave of selling across cryptocurrency markets.
BlackRock's iShares Bitcoin Trust shed $527.84 million on Wednesday, the second-largest single-day net outflow since the fund launched in January 2024, per SoSoValue data.
Bitcoin dropped $1,600 in 60 minutes on Wednesday, falling below $73,000 for the first time in weeks. Ethereum fell to $1,978, down 4.42% on the day. XRP dropped to $1.28, down 3.56%. The total crypto market cap declined 2.97% to $2.45 trillion.
On Wednesday, Bitcoin’s price showed downward momentum, falling below the $75,000 mark and trading at $74,570 at the time of writing. This decline led to a loss of nearly 3% of its weekly value and once again pushed its market capitalization below $1.5 trillion.
Bitcoin’s ($BTC) loss of gains since the start of the month may signal the arrival of seasonal weakness at the beginning of summer, reflected in the saying “sell in May and go away.”
$XRP is trading at $1.3296 on May 27, pressing against the lower boundary of a symmetrical triangle that is rapidly narrowing, as spot ETF inflows return and a completed liquidity sweep below the candle-range low creates an attempted CRT reversal toward $1.3734.
Spot exchange-traded funds (ETFs) based on Hyperliquid ($HYPE) accumulated coins valued at 1.04% of the cryptocurrency’s market capitalization, and it took them no more than 10 days to do so. Kairos Research drew attention to this.
Bitcoin continues to face growing pressure after failing to reclaim the $82,800 resistance zone earlier this month. The latest correction has pushed $BTC toward the $75,000 area, where traders are now watching for signs of stabilization. At the same time, institutional sentiment has weakened, as BlackRock’s spot Bitcoin ETF recorded another day of strong outflows.
Bitcoin has once again found itself in a narrow range. The price bounced from the area around $74,500 but has not yet managed to return above the key on-chain levels near $77,000. Against the backdrop of a major options expiry on May 29, the market is effectively squeezed between two important marks: $75,000 below and $80,000 above.
On Tuesday, May 26, inflow dynamics across cryptocurrency ETFs were mixed: Bitcoin and Ether ETFs collectively lost $368.75 million as both categories continued their outflow streaks. Altcoin products softened the picture: $HYPE ETFs attracted $20.45 million, while $XRP ETFs brought in $1.55 million, whereas Solana ETFs recorded no trading activity.
Bitcoin fell below the $76,000 mark on Wednesday, as renewed geopolitical tensions in the Middle East and significant outflows from exchange-traded funds (ETFs) put pressure on the cryptocurrency market — even despite gains in technology stocks on Wall Street and in Asia.
$XRP faced massive selling on Binance, yet the price held above the April resistance zone. This shifted attention to the state of liquidity and whether nearby support will be able to withstand renewed pressure from sellers.