After a sharp crash to the $61,000 mark, Bitcoin briefly rebounded to $64,600 and then stabilised slightly below $64,000. Despite reducing its losses, it still remained down 3.2% on the day, 14% over the week and almost 30% since the beginning of 2026.
The sUSDat stablecoin lost its dollar peg, falling by 7% to $0.93 on Wednesday, 3 June, according to blockchain analysts at PeckShield. On Thursday, the decline became even deeper: for a short time, the stablecoin dropped to $0.90.
$NEAR stood out sharply against the backdrop of a weak crypto market. While the total capitalisation of digital assets fell by 3.7%, the Near Protocol token gained almost 20% over 24 hours and climbed to $2.75.
US investment bank Morgan Stanley has announced plans to open its equity programme administration platforms to external AI agents, CNBC reports. The decision will cover a business division through which the company has attracted $1.2 trillion in assets and will become one of the first examples of a major Wall Street bank allowing autonomous artificial intelligence systems to interact directly with its infrastructure.
Crypto exchange Coinbase has announced the launch of perpetual futures contracts on shares of companies that have not yet held an initial public offering (IPO). The first such company will be SpaceX, whose stock market debut is expected in June 2026.
At 8:30 a.m. Eastern Daylight Time (EDT) on 4 June 2026, Bitcoin was trading at $63,444, with its Relative Strength Index (RSI) at just 17, while all 14 tracked moving averages pointed lower. As a result, the swing low at $61,310 became the focus of every active trader. The technical picture is clearly bearish on the daily, 4-hour and 1-hour charts, although oscillator readings pointing to deep oversold conditions keep the possibility of a short-term rebound alive.
Analysts at The Kobeissi Letter said that Strategy, formerly MicroStrategy, the largest corporate holder of Bitcoin, has faced what they estimate to be the largest unrealised loss in the history of its investments in the leading cryptocurrency.
Bitcoin remains under significant pressure after a sharp decline that pushed the cryptocurrency below several major technical support levels. Although recent trading activity shows some stabilisation near local lows, the broader market structure continues to favour sellers. At the same time, rising derivatives activity and persistent exchange outflows create a more complex picture for investors assessing Bitcoin’s next move.
Solana ($SOL) continues to face growing pressure as sellers maintain control of the market following a sharp decline from recent highs. The cryptocurrency is now trading near $68.5 after losing several important support levels that had previously helped stabilise price action. Market participants remain cautious, as weakening sentiment, declining capital flows and a fragile technical structure point to continued downside risks.
Declines in the crypto market are leading to capital outflows from exchange-traded funds based on BTC, $ETH, SOL and $XRP. On Wednesday, issuers of spot Bitcoin ETFs recorded capital withdrawals for the 13th consecutive trading day. In total, outflows have amounted to $4.37 billion since mid-May.
$XRP is trading at $1.1736 on 4 June, entering the macro support zone that EGRAG Crypto calls the most important structural decision point of the current cycle, as June is opening below both the 50 EMA and the white macro trendline for the first time in many years.
Shares of the company led by Tom Lee fell another 5.9% on Wednesday, dropping below $17 and extending their decline to 28% since the beginning of May. The stock has now fallen below its February lows to the lowest level since the company announced its shift to an Ethereum treasury strategy in 2025.
The latest price movement pushed $ETH below the $1,800 level watched by analyst Ali Martinez. It also brought the asset closer to its weakest zone since April 2025, when $ETH fell to $1,400 before a recovery rebound followed.
The recent sharp sell-off in the cryptocurrency market has forced a significant share of Bitcoin investors to abandon their profit-taking positions. Darkfost, an analyst at the data platform CryptoQuant, shared important data on the ratio of Bitcoin supply to profit-taking positions
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.
BitMine Immersion Technologies, the largest corporate holder of Ethereum, has filed with the U.S. Securities and Exchange Commission to publicly offer 3 million Series A perpetual preferred shares.
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