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 $1,600, losing more than 10% in one day and more than 20% of its value since 1 June.
The price of Zcash ($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.
On Friday, Bitcoin fell near a four-month low and headed for a significant weekly decline amid continued institutional selling, driven by persistent tensions around the war with Iran, which is forcing traders to stay away from cryptocurrencies.
On 3 June, $XRP reached a new yearly low of $1.188 amid a broader cryptocurrency sell-off, losing nearly 34% over the year before stabilising slightly below $1.22.
As investors’ expectations for a new short-term bullish trend in Bitcoin continue to weaken, the leading cryptocurrency BTC intensified negative market sentiment with its sharp decline over the past 24 hours.
Bitcoin dropped to a seven-week low as hopes for a ceasefire agreement between the United States and Iran began to fade, while oil prices surged sharply higher.
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.
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 $2.45 trillion.
The cryptocurrency World Liberty Financial ($WLFI) is trading around $0.093 as of March 21. Since mid-month, the asset has lost approximately 14% of its value, declining from a local high of $0.108. This negative trend is accompanied by a sharp increase in exchange supply and a surge in loss-making transactions.
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