Cryptocurrency market news

As of 5 June 2026, the US stock market had lost almost $2 trillion in capitalisation after the release of one of the strongest US jobs reports in the past 18 months. Against this backdrop, Bitcoin fell by more than 50% from its October 2025 all-time high, while analysts, investors and crypto industry representatives offered sharply different assessments of what is happening in the market.

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.

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 has reached the downside target set by Peter Brandt in February, but the veteran trader believes $BTC may still move lower before forming a tradable bottom. In one of his earlier forecasts, he predicted that Bitcoin could peak in the $300,000–500,000 range in 2029.

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

Arthur Hayes, co-founder of BitMEX and one of the cryptocurrency industry's most influential figures, known for his bold predictions on Bitcoin and altcoins, has announced his support for a new altcoin.

Joshua Lim, Head of Markets at FalconX, stated that Hyperliquid has become one of the most liquid trading venues in the cryptocurrency market. Demand for its services from hedge funds and institutional investors continues to grow as capital flows out of Bitcoin and Ethereum.

A “self-reinforcing cycle” of capital outflows is forming in the crypto market, according to analysts at Santiment. Investors are increasingly favoring equities, which have recently outperformed both gold and Bitcoin.

Geoffrey Kendrick, Global Head of Digital Assets Research at Standard Chartered, stated that Strategy’s recent Bitcoin sale may signal the beginning of a new period of Ethereum strengthening relative to Bitcoin.

After Bitcoin (BTC) surpassed the $82,000 mark during the first week of May, it once again entered a downward trend. As Bitcoin continues to trade below the $70,000 level, investors are questioning whether the local low of $60,000, recorded in February, will be tested again.

The leading cryptocurrency, Bitcoin ($BTC), has fallen below $70,000 following a downward trend over recent weeks and yesterday's sell-off by institutional investors. As BTC dropped below $70,000 for the first time since April, the percentage of investors holding their coins at a loss also increased.

This year, capital has been leaving the crypto market, but some funds are flowing from one altcoin to another. Arthur Hayes believes Solana’s weak performance is linked to liquidity moving into Hyperliquid.

Analysts at Fidelity Digital Assets have listed the main trends in the crypto market this year. The first trend identified by the investment company’s experts is the accelerating convergence of the crypto market with the traditional financial system.

CryptoQuant CEO Ki Young Ju has suggested when the bear trend in the crypto market could end, citing the profit and loss (PnL) indicator, and also named the factors that could accelerate Bitcoin’s recovery.

The leading cryptocurrency, Bitcoin ($BTC), weakened and fell to the $75,000 level, in contrast to the upward trend in global stock markets. Major altcoins such as XRP, Ethereum ($ETH), and Solana ($SOL) also declined during the same period.

According to Arthur Hayes, co-founder of the cryptocurrency derivatives exchange BitMEX, the native token of NEAR Protocol, $NEAR, could increase in price 20-fold by 2027. He said this on The Rollup podcast, linking $NEAR’s prospects to growing investor demand for confidential cryptocurrencies.