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 Hong Kong Monetary Authority (HKMA), which serves as the de facto central bank of the Special Administrative Region, has finalized its regulatory framework for stablecoin issuers.
In July, Ethereum experienced a sharp rise from $2,398 to $3,850 — a 60.55% increase. This upward move sparked intense debate within the crypto community. Many claimed that the growth was due to large-scale Bitcoin (BTC) sell-offs and a shift of capital into Ether (ETH). However, recent data contradicts this assumption.
Bitcoin remained within a narrow range around $119,000 on Tuesday as investors awaited clarity on U.S. trade talks and showed caution ahead of the upcoming Federal Reserve decision on monetary policy.
Over the past few days, ONDO’s price has exceeded the $1 mark for the first time since May 2024. This breakout followed a “falling wedge” pattern — a bullish signal in technical analysis. Despite a brief dip to around $0.95 due to sell signals, the price quickly recovered.
On July 28, BNB's price surged significantly, reaching a new high of $855 after a 7% daily gain. As a result, its market capitalization surpassed $118.5 billion.
The query to the neural network was composed by Finbold journalists. ChatGPT cited the main reason for the decline in the price of the leading cryptocurrency as the reduction in dollar liquidity in global financial markets.
Ethereum's price is approaching the coveted $4,000 mark, but the rally has temporarily paused. The market shows signs of saturation, but Ethereum’s growth may not be over. The current consolidation is likely a short-term pause before the next leg up.
On July 26, during the latest adjustment, Bitcoin’s mining difficulty increased by only 1.07%. However, that was enough for the metric to reach an all-time high of 127.62 T.
A major Bitcoin whale has sold 80,000 BTC through Galaxy Digital in one of the largest transactions in crypto history. The company confirmed the sale but did not disclose the exact date or execution price.
Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has formed a strategic partnership with Tether to accelerate cryptocurrency adoption in Brazil through institutional collaboration, event sponsorships, and educational initiatives.
Binance has announced plans to expand access to its Shariah Earn staking platform to users around the world. Currently, Binance has more than 282 million registered users and aims to attract even more through its Shariah Earn product.
The Bitcoin Cycle Indicators Index (IBCI) has once again reached the distribution zone — an area that has historically signaled market euphoria and the approach of price peaks. This is the third time in the current bull cycle. However, this time, the index value only touched the lower boundary of the zone — 80%, which is below the 100% levels that historically indicated the end of the growth cycle.
Today, Bitcoin traded at $118,438, with a market capitalization of $2.36 trillion and a 24-hour trading volume of $53.99 billion. The leading cryptocurrency registered an intraday price range between $117,422 and $119,197, reflecting continued consolidation near historical highs.
The U.S. government holds $24 billion worth of Bitcoin, the U.K. holds $7 billion, and Bhutan holds $1.3 billion, according to blockchain analytics firm Arkham, which conducted a wallet-linking investigation. However, the lack of official data on crypto reserves means these estimates may be far from the real numbers.
Bitcoin fell below $118,000 on Thursday amid profit-taking and large-scale fund movements. Traders remain cautious ahead of the White House’s upcoming cryptocurrency policy report, expected later this month, and assess emerging regulatory frameworks.
The bankrupt cryptocurrency exchange FTX plans to repay $1.9 billion in client debts in September 2025.