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 Bitcoin market is approaching one of the largest options expiries of recent months in a tense state. The price of $BTC has dropped below $74,000, while sellers have gained a noticeable advantage ahead of the settlement of around $9 billion in options. Against this backdrop, market participants are increasingly discussing the possibility of a new decline toward the psychological $70,000 mark.
Bitcoin continues to trade under pressure after losing momentum near the key $80,000 resistance region. The leading cryptocurrency is now holding around $73,500, reflecting growing uncertainty across the broader market. Traders remain cautious as Bitcoin struggles below major moving averages, while derivatives data and spot market activity point to weakening bullish confidence.
$XRP is trading at $1.3184 on May 29, moving toward the lower half of the weekly candle range after two attempts to break above $1.59. Both attempts failed, pushing the CRT setup toward the $1.15 range low as the next logical target.
Ethereum has fallen below $2,000 for the first time in several months, but retail investors do not appear to be showing much alarm yet. According to analysts, Ethereum has entered a decisive breakout phase of its main technical structure. If selling pressure continues, the next downside target could be the $1,750 area.
This Friday, we examine Ethereum, Ripple, Cardano, Binance Coin, and Hyperliquid in greater detail.
As a result of the latest adjustment, mining difficulty increased to 138.96 T (trillion), according to Cloverpool. This means miners need to calculate about 139 trillion hash functions on average to mine the new 3.125 BTC — roughly $229,000 at the current price of about $73,600.
U.S. spot bitcoin ETFs have now recorded nine consecutive trading days of net outflows, marking the longest withdrawal streak since the products listed in January 2024. SoSoValue data
Bitcoin is trading near $73,000 as charts from Man of Bitcoin and CW show $BTC at a short-term decision point. One setup warns that bullish momentum is weakening, while the other shows shorts closing as selling pressure starts to fade.
Donald Trump said the CLARITY Act would help “protect the future” of the cryptocurrency market from possible restrictions by future administrations. The US president wrote this on his social media platform Truth Social — the second time in a week that he has addressed the issue of digital asset regulation.
Bitcoin recovered to the $74,000 level on Friday after falling to an almost seven-week low in the previous session, as reports that the United States and Iran are close to extending a ceasefire agreement improved appetite for risk assets.
$XRP finally found buyers near the bottom of its range after spending much of May grinding lower, but the rebound hasn’t changed the broader setup yet. The move above $1.30 came with one of the strongest volume bursts in days, though price remains well below the levels that would signal a genuine trend reversal.
Data shows the crypto derivatives market has suffered a massive amount of liquidations following the plunge that Bitcoin, Ethereum, and other assets have seen.
Bitcoin price started a fresh decline below the $74,000 zone. $BTC is consolidating and might struggle to stay above the $72,000 support.
$XRP price started a recovery wave above $1.290 and $1.2950. The price is now consolidating and might aim for a fresh move if it clears $1.3350.
Another day, another crypto market price drop, and another $900+ million in liquidations in the derivatives market. Unlike the previous weekend’s mass liquidations, ZCash [$ZEC] bulls were unable to shrug this hit off.
Bitcoin updated its local low, reaching $72,462 — a level not seen since April 13. A convergence of several negative factors put pressure on an already weakened market.