Bitcoin Plunges Below $62,000, Ethereum Falls Below $1,800
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.


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.
Bitcoin broke above $80,000 on Monday, May 4, gaining 2.7% within three hours amid a rally in Asian equity markets. This marks the highest level since January 31, 2026.
In the first quarter of 2026, the price of the leading cryptocurrency fell by 22.2%, marking its worst start in eight years.
Bitcoin is once again testing one of the most important price zones of recent months. After recovering from the $72,000 region, the price briefly moved back above $81,000, and the market has now approached the $83,000–$85,000 range, which remains the primary obstacle to further upside momentum.
After several failed attempts to reclaim the $80,000 level, Bitcoin surged by more than $2,000 within four hours, reaching a high above $81,800 and moving toward the $82,000 level.
XRP surged after buyers broke through resistance and strengthened bullish momentum. The rally was accompanied by rising trading volume, stronger momentum indicators, and growing optimism surrounding the advancement of the CLARITY Act, which has been publicly supported by Ripple.
The long-awaited cryptocurrency market regulation bill, the CLARITY Act, has successfully passed a crucial vote in the U.S. Senate Banking Committee. The legislation was approved by a vote of 15 to 9. Two Democratic senators — Ruben Gallego and Angela Alsobrooks — voted in favor of the bill.
Bitcoin’s (BTC) market structure continues to become more constructive, although the nature of the move toward new highs differs significantly from the aggressive rallies observed between 2023 and 2025. This was stated by analysts at Glassnode.
On May 13, 2026, spot Bitcoin ETFs in the United States recorded a combined capital outflow of $635.23 million. This was the worst daily result in the past 3.5 months. The last time a larger outflow was observed was on January 29, when investors withdrew $903.11 million from these products.
Bitcoin slipped on Wednesday, extending a spate of losses to a third straight day after scaling as high as $82.4k on the weekend. A protracted impasse in Iran, along with hot U.S. inflation data, has kept a lid on risk sentiment for cryptocurrencies this week.
While Bitcoin traded at around $79,650 over the past 24 hours, the derivatives market experienced a sharp wave of liquidations. According to the data, positions worth a total of $158.53 million were liquidated during the last 24 hours, of which $142.59 million came from long positions. Short liquidations accounted for $15.93 million. As a result, approximately 89.9% of all liquidations were long positions, pointing to a sudden panic sell-off in the market.
The Clarity Act, a bill containing comprehensive regulations for the U.S. cryptocurrency market, has once again become the center of attention ahead of tomorrow’s crucial vote in the Senate Banking Committee.
$XRP is trading at $1.4602 on May 13, sitting directly beneath the $1.49 resistance zone that has held since February, while Korean traders have pushed XRP above Bitcoin by trading volume on Upbit for the first time in months. Meanwhile, the symmetrical triangle on the daily chart is approaching resolution.
Ethereum traded at $2,300 on May 13 while holding inside an ascending wedge on the daily chart, as JPMorgan Chase launched its second tokenized Treasury fund on Ethereum and spot ETFs recorded their largest one-day outflow in weeks.
Solana is trading at $95.26 on May 13 after breaking above the 0.382 Fibonacci level, which had acted as resistance for three months, amid accelerating ETF inflows and the first bullish daily MACD crossover since January.
On Wednesday, Bitcoin remained mostly unchanged, holding near the $81,000 level as investors awaited new signals from the upcoming U.S.-China summit. Caution surrounding Iran and interest rates also continued to limit market activity.
According to CryptoQuant analyst MorenoDV_, the Bitcoin bull-bear market cycle indicator has entered the “early bull” zone for the first time since March 2023. The shift comes as the asset trades near a major resistance area after rebounding from its late-March support zone.
Bitcoin maintained a bullish structure this week as buyers defended the $80,000 region despite slowing momentum near local resistance. The leading cryptocurrency continued trading above all major exponential moving averages on the four-hour chart, reflecting strong bullish market control following the recent breakout from the $73,000 area.
The price of $XRP is attracting growing attention ahead of the U.S. Senate Banking Committee’s May 14 review of the CLARITY Act. Several leading AI models have outlined both bullish and bearish scenarios depending on the outcome of the vote.