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.
Coinbase announced during its first-quarter 2026 earnings report that the company purchased $88 million worth of Bitcoin, increasing its corporate holdings to 16,492 $BTC. The acquisition added 1,103 $BTC to the exchange’s treasury compared to its previous disclosure, bringing the total value of holdings to approximately $1.3 billion at current market prices.
$XRP enters the second quarter of 2026 with mixed sentiment, as AI models debate whether the asset will break out or continue to trade sideways. Most AI forecasts predict $XRP will range between $1.40 and $4.50 by the end of June 2026. However, bullish scenarios could reach $8 if institutional adoption accelerates and ETF inflows remain strong.
In April 2026, the Bitcoin mining market continued its recovery after the winter correction period. The mining economics were influenced by the dynamics of Bitcoin network difficulty, the rise in $BTC market value, and the equipment placement parameters, as stated in the monthly equipment profitability report by Intelion.
Ethereum is trading at $2,281 on May 9, stuck inside an ascending wedge on the daily chart, as Bitmine's chairman Tom Lee signals that the company's historical series of $ETH purchases has slowed down in recent weeks, eliminating one of the most stable demand factors in the market.
Bitcoin continues to lead on the institutional market, as fund balances, ETF inflows, and corporate accumulation continue to favor $BTC over Ethereum. Data from CryptoQuant published on May 7 showed that fund assets grew from 1.278 million $BTC on February 7 to 1.370 million $BTC on May 5. This added 92,116 $BTC, a 7.21% increase, with the asset’s price rising from $69,249 to $80,874.
Bitcoin once again failed to hold above $82,800 and dropped back below $80,000. At the same time, there is still no strong panic among buyers — more than $1.1 billion flowed into spot Bitcoin ETFs over the past week. The market has not seen inflows of this scale since January.
On Friday, Bitcoin declined amid military escalation between the United States and Iran in the Strait of Hormuz, reducing investor appetite for risk assets. The broader cryptocurrency market also moved lower.
During US trading hours, Bitcoin briefly climbed to new 13-week highs, but the market failed to hold above the $83,000 level. Market sentiment shifted quickly after another wave of news related to Iran. Uncertainty surrounding a possible ceasefire prompted some traders to begin taking profits.
Toncoin continued its strong recovery this week after buyers pushed the asset through several major resistance zones. The rally followed months of sideways trading and weak momentum around the $1.30 area. However, market sentiment shifted rapidly after TON reclaimed key moving averages on the 4-hour chart.
On May 7, XRP is trading at $1.4201 as Ondo Finance, JPMorgan Chase, Mastercard, and Ripple completed the first cross-border tokenized US Treasury repurchase transaction on the XRPL ledger in less than five seconds, while CMF at minus 0.17 shows capital is still flowing out despite the news.
Zcash continues to receive support from several directions at once: a listing on Robinhood, easing tensions between the United States and Iran, and a reduction in the available supply of ZEC are fueling interest in the coin. Over the past month, Zcash has significantly outperformed the broader crypto market. The coin gained more than 125%, while most cryptocurrencies rose by an average of around 15% during the same period.
The price of Toncoin surged 32% to $2.89, marking a 110% increase since Telegram founder Pavel Durov announced a major strategic shift and a sixfold reduction in network fees.
Bitcoin slipped slightly from three-month highs on Thursday as the recent rally lost momentum after the largest corporate cryptocurrency holder, Strategy, stated that it may sell part of its holdings. Nevertheless, the crypto market and broader financial markets maintained a positive tone, as hopes for de-escalation in the conflict between the United States and Iran supported strong gains in risk assets.
Kraken has launched regulated cryptocurrency margin trading on the spot market for eligible US users on the Kraken Pro platform, offering leverage of up to 10x without the need to have accredited investor status. The service is provided through Kraken Derivatives US and includes collateral control mechanisms, liquidation levels, and risk disclosures.
Coinbase has expanded its derivatives lineup by adding perpetual futures contracts for gold and silver for eligible traders outside the United States, giving such users the ability to invest in precious metals through cryptocurrency-based market infrastructure.
Over the past seven days, the price of every cryptocurrency among the top 100 largest by market capitalization showed growth. Bitcoin and Ethereum rose by 6% and 4%, surpassing the $82,000 and $2,400 marks respectively, while some major altcoins increased by as much as 80% during the same period.