On Friday, 5 May, the price of Bitcoin fell by almost 5% in one day to $60,541, while weekly losses reached around 18%, the Financial Times reports. According to the publication, Bitcoin came close to its largest weekly loss since November 2022.
According to the data, Strategy, led by Michael Saylor, has suffered total losses of more than $12.4 billion on its Bitcoin portfolio, while BitMine, led by Tom Lee, has lost more than $10 billion on its Ethereum portfolio.
The House Ways and Means Committee on Friday published draft legislation that would change how taxpayers report gains and losses from digital asset transactions, while also delaying taxation on newly created tokens, Bloomberg News reports.
On 5 June, the price of Bitcoin ($BTC) fell below $60,000 per coin, losing more than 6% in one day and almost 20% since the beginning of the month. At the same time, the price of Ethereum ($ETH) dropped below $1,600, losing more than 10% in one day and more than 20% of its value since 1 June.
While Bitcoin’s ($BTC) spot price is moving sideways around the $60,900 mark, blockchain data provides investors with an important roadmap. According to data from Bitcoinsistemi.com, the realised price, which represents the average cost basis for all investors in the market, currently stands at $53,700.
Cardano is trading at $0.1670 on 5 June, reaching its lowest price since late 2020 after Charles Hoskinson announced a break following the closure of the analytics platform TapTools, the community vote to cancel the 2026 Singapore summit and his own warning about an approaching wave of ecosystem failures.
Bybit has added support for USDPT, Western Union’s dollar stablecoin. For the payments company, this is the token’s first appearance on a major crypto exchange, where it can be held, transferred and used in trading.
$XRP remains under strong pressure as technical weakness, declining speculative activity and persistent capital outflows continue to weigh on market sentiment. The cryptocurrency has lost several important support levels in recent weeks, leaving traders focused on whether buyers can defend the area around $1.10.
The number of active addresses on the Bitcoin network has fallen to nearly 600,000 — a level last seen in 2019, when the crypto market was in a bearish trend. Experts at Bitcoin Magazine suggested that there may be several reasons for these changes.
$XRP’s path to $2 by the end of June has become more difficult after the token dropped towards key support levels. The latest charts show price pressure near February lows, while analysts are watching whether buyers can defend the lower range before any recovery attempts begin.
Not long ago, many investors were confident that after the launch of Bitcoin ETFs and the arrival of institutional players, the cryptocurrency market had become more mature and resilient. However, recent months have shown that Bitcoin remains an asset that is highly sensitive to investor sentiment, macroeconomics and global risks.
Solana ($SOL) has hit its lowest level in 2.5 years, erasing the gains it made last year during the memecoin frenzy and the trend of public companies accumulating crypto reserves. On 5 June, the price of $SOL fell below $64 for the first time since December 2023.
The sharp decline in the cryptocurrency market in recent days has once again drawn attention to Bitcoin’s critical support levels. Axel Adler Jr., an analyst at the CryptoQuant data platform, noted in his assessment of Bitcoin’s current outlook that selling pressure is steadily increasing.
Bitcoin price started a fresh decline below the $65,000 zone. $BTC is showing bearish signs and might continue to move down if it dips below $62,000.
Ethereum ($ETH) has hit a new yearly low and completely erased the gains driven by purchases from Tom Lee’s BitMine and other public companies that created digital asset treasuries (DATs) based on the altcoin. The price of Ethereum fell below $1,700 for the first time since April 2025.
Binance, one of the world’s largest cryptocurrency exchanges, has announced its decision to remove four digital assets from its platform following recent reviews. According to the exchange’s statement, all spot trading pairs for the tokens Contentos (COS), Dar Open Network (D), Highstreet (HIGH) and MOBOX (MBOX) will be delisted, and trading will cease on 19 June 2026 at 06:00.
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