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.
The cryptocurrency market reacted with growth to remarks by Federal Reserve Chair Jerome Powell, who hinted at readiness to cut the key interest rate in September.
The license will allow the exchange to offer digital asset services, including tokens and stablecoins, across the entire European Economic Area in accordance with the Markets in Crypto-Assets (MiCA) regulation.
Could XRP dethrone Ethereum from second place in the crypto rankings? ChatGPT outlined the conditions under which this might happen.
Ethereum is outpacing Bitcoin’s rally amid inflows into spot ETFs and newly activated corporate treasury bonds. At the same time, BTC futures and options have taken a more cautious stance following stronger-than-expected U.S. economic data.
On Tuesday, August 19, U.S. spot Bitcoin and Ethereum funds lost nearly $1 billion as investors grew pessimistic following a market price decline.
Analysts have drawn attention to the Long-Term Holder Realized Profit & Loss metric, which makes it possible to assess the stages of Bitcoin’s (BTC) market cycle. This indicator records the volumes of realized profits and losses among long-term holders and has previously helped identify cycle tops and bottoms.
Major cryptocurrencies declined, pushing the total crypto market capitalization below $4 trillion, Bloomberg reports.
Metaplanet Inc (TYO:3350) announced on Monday that it had purchased an additional 775 Bitcoin worth $93 million, bringing the Japanese hotel-operator-turned-crypto-treasury’s total holdings to 18,888 Bitcoin.
In the past 24 hours, market liquidations totaled over $1 billion, with $782 million coming from long positions. More than 219,500 traders were affected, and the largest liquidation on Bybit for the BTCUSD contract amounted to $10 million.
Bitcoin reached an all-time high on Thursday, as the world’s largest cryptocurrency was boosted by growing expectations of a September interest rate cut and optimism over increased corporate buying.
Ether (ETH) has reached a new record for open interest (OI) on the Binance futures market, with the figure hitting $12.2 billion. This result is driven by high liquidity and a dense order book, low trading and holding costs, and an efficient margin and funding system on the platform.
Crypto exchange Bullish has raised $1.11 billion in its initial public offering, pricing its shares at $37 each — above the previously announced range, Bloomberg reports.
Fueled by a string of legislative victories and new financial initiatives, cryptocurrency investors are experiencing an upswing. Another wave of positive catalysts has given the crypto industry even more room for growth this week. Notably, the biggest headlines aren’t about Bitcoin, Yahoo Finance reports.
Last week, Solana surpassed Ethereum in total fees collected for the first time, bringing in $8.6 million compared to its rival’s $8.1 million. Despite having a lower overall activity volume, the growth rate reached 2.1%. The leader in this metric remains the Tron blockchain, with $14.3 million, while Bitcoin network fees rose 8%, staying largely out of mainstream media attention.
Since November last year, the stablecoin market has shown rapid growth, becoming one of the key indicators of the strengthening cryptocurrency sector. The total market capitalization of Tether (USDT) has increased from $120 billion to $164.5 billion, while Circle’s USD Coin (USDC) grew from $34 billion to $65.1 billion.
Ethereum surged close to record highs on Wednesday amid a wave of buying as corporate entities began accumulating the world’s second-largest cryptocurrency, mirroring the strategy used for Bitcoin.