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.
Interest in Solana has strengthened again. Spot ETFs tied to $SOL recorded their largest weekly capital inflows since February, while futures open interest increased by nearly $1.5 billion in less than two weeks.
$XRP price pulled back from highs near $1.50 and is currently trading around $1.46 amid rising geopolitical tensions across crypto markets. The correction followed weakening risk sentiment after the recent bullish momentum failed to break through major nearby resistance levels.
On May 11, Zcash ($ZEC) dropped to $550 after a sharp rally, although the privacy-focused cryptocurrency still posted a 33% gain over the past seven days as renewed interest and ongoing debate fueled speculation about its future.
The full bill spans 309 pages. Committee representatives stated that the updated version is the result of lengthy negotiations between Republicans, Democrats, banking lobbyists, and cryptocurrency industry representatives.
Bitcoin was little changed on Tuesday, holding within a narrow trading range as fading hopes for a peace agreement between the United States and Iran, along with caution ahead of key inflation data, kept the cryptocurrency market on edge.
Ethereum continues trading within a narrow consolidation range as traders watch whether the asset can regain bullish momentum above key resistance zones. The second-largest cryptocurrency has stabilized after recovering from recent lows near $220, although price action still lacks a decisive breakout structure.
Strategy acquired another 535 $BTC worth approximately $43 million, bringing its total crypto holdings to 818,869 $BTC. The announcement was made by the company’s co-founder, Michael Saylor.
Bitcoin climbed above $82,000 on Sunday following a volatile trading session driven by fresh geopolitical headlines and continued institutional demand. The move came as spot Bitcoin ETF inflows extended their streak and traders reacted to renewed progress on U.S. crypto regulation.
Cardano is trading at $0.2777 on May 11 after pulling back from an intraday high of $0.2829, just one session after breaking out of a three-month descending triangle that had been compressing since February. At the same time, Grayscale quietly increased its ADA allocation to 18.33%.
$XRP is trading at $1.4481 on May 11, reaching the apex of a symmetrical triangle that has been compressing since February, while three months of negative funding rates on Binance continue to contradict XRP’s 27% price increase over the same period.
Bitcoin stabilized on Monday after giving up most of its weekend gains amid escalating tensions surrounding Iran, which offset optimism over progress in establishing a U.S. regulatory framework for cryptocurrencies.
Ethereum’s weak performance relative to Bitcoin continues to draw attention in the cryptocurrency market. Analysts note that the ETH/BTC pair has fallen more than 35% over the past year and warn that if the current downtrend continues, the pair could face an additional 40% decline.
This week, Toncoin (TON) became one of the best-performing cryptocurrencies as the asset’s price more than doubled. According to CoinGecko data, TON traded around $1.34 on May 2, while its intraday high on May 9 reached $2.67.
After the stablecoin market slightly surpassed the $320 billion mark last week, it attracted more than $2 billion in fresh investment over the past seven days. Defillama data shows that the total market capitalization of the stablecoin market currently stands at $322.74 billion.
On May 10, 2026, shortly after 8 a.m. ET, Bitcoin traded around $80,901, while the daily, four-hour, and hourly charts continued to maintain an overall bullish market structure. As price action remains trapped between persistent resistance and steady support, traders are watching Bitcoin behave like a caffeine-fueled cat pacing near a closed door, clearly considering its next move.
U.S. senators are preparing to review the long-awaited regulatory framework for the cryptocurrency sector next week. The move could help end the legislative deadlock between digital asset companies and traditional banks.