Zcash Open Development Lab (ZODL) founder Josh Swihart reported that a critical vulnerability in the Orchard shielded pool had been fixed. Against this backdrop, the asset’s price began to recover after a major decline.
Bitcoin edged higher on Monday, stabilising after last week’s sharp decline. Sentiment in the crypto market remains fragile amid continued institutional selling and rising tensions in the Middle East.
This week, Bitcoin fell to its lowest level of 2026, dropping to $59,100 per coin, and its price now sits just over 50% below the all-time high of more than $126,000 reached by the leading crypto asset. Meanwhile, a significant part of the altcoin market has suffered much sharper declines, with many well-known digital assets posting losses of more than 95% from their peak valuations.
Bear market comments and speculation have returned to the cryptocurrency space after Bitcoin erased more than $400 billion from its market cap in a matter of weeks, falling from over $82,000 to a Friday low of $59,000 — its lowest level in 19 months.
$XRP traded near $1.16 on June 7 after a sharp weekly sell-off pushed the token close to the $1.00 area. The move gave traders a short-term rebound, but the wider trend remains weak.
Bitcoin rose above $62,000 on Sunday, recovering from its 2026 lows after a sharp market sell-off that wiped hundreds of billions of dollars from the value of digital assets, CoinDesk reported.
Bitcoin rebounded above $61,000 on Saturday after briefly falling below the key $60,000 level, as traders assessed the fallout from a broad market sell-off triggered by stronger-than-expected US employment data.
Friday’s mass cryptocurrency sell-off pushed the total market capitalisation of altcoins down to $880 billion. Zcash suffered the heaviest damage among major tokens, with its price plunging by more than 40% to $264.80.
During the night of 5–6 June 2026, Bitcoin briefly fell below the $60,000 mark, triggering large-scale liquidations in the derivatives market. According to CoinGlass, positions held by 349,549 traders worth a total of $1.81 billion were forcibly closed over the past 24 hours. The event became one of the largest liquidation cascades of the year and returned Bitcoin to levels last seen in October 2024.
On Friday, 5 May, the price of Bitcoin fell by almost 5% in one day to $60,541, while weekly losses reached around 18%, the Financial Times reports. According to the publication, Bitcoin came close to its largest weekly loss since November 2022.
On 5 June, the price of Bitcoin ($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.
$XRP’s path to $2 by the end of June has become more difficult after the token dropped towards key support levels. The latest charts show price pressure near February lows, while analysts are watching whether buyers can defend the lower range before any recovery attempts begin.
Solana ($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 $64 for the first time since December 2023.
Ethereum ($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 $1,700 for the first time since April 2025.
The price of Zcash ($ZEC) fell by 48% to $302.48 after a critical vulnerability was discovered in the protocol. The bug made it possible to create fake coins infinitely and invisibly.
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