Cryptocurrency market news

Trading

On June 7, 2026, at 8:35 a.m. Eastern Time (EDT), Bitcoin ($BTC) was trading at $61,822, caught between strong oversold conditions on shorter timeframes and persistent pressure from moving averages on the daily chart. The technical picture this weekend is mixed but clearly tilted bearish, with the $63,000 level standing out as the most important area on current charts.

Since reaching their January peaks, the combined market value of gold and silver has shrunk by $1 trillion: on June 5, gold traded at around $4,331 per ounce, while silver traded at around $67.30, even though active geopolitical conflict and above-target inflation traditionally support higher precious metals prices.

Cryptocurrency

This week, Bitcoin fell to its lowest level of 2026, dropping to $59,100 per coin, and its price now sits just over 50% below the all-time high of more than $126,000 reached by the leading crypto asset. Meanwhile, a significant part of the altcoin market has suffered much sharper declines, with many well-known digital assets posting losses of more than 95% from their peak valuations.

Cryptocurrency

Bear market comments and speculation have returned to the cryptocurrency space after Bitcoin erased more than $400 billion from its market cap in a matter of weeks, falling from over $82,000 to a Friday low of $59,000 — its lowest level in 19 months.

The series of outflows from Ethereum ETFs continues to weigh on demand. Spot $ETH ETFs recorded another weekly outflow of $168.2 million, extending the withdrawal streak to four consecutive weeks. With institutional demand declining, Ethereum has lost a source of liquidity that had previously absorbed supply during market downturns.

Hut 8 has priced $4.25 billion of senior secured notes to finance a large artificial intelligence (AI) data centre project in Texas. The deal marks another major step in the company’s shift from Bitcoin mining towards power-backed digital infrastructure.

Cryptocurrency

$XRP traded near $1.16 on June 7 after a sharp weekly sell-off pushed the token close to the $1.00 area. The move gave traders a short-term rebound, but the wider trend remains weak.

Cryptocurrency

Bitcoin rose above $62,000 on Sunday, recovering from its 2026 lows after a sharp market sell-off that wiped hundreds of billions of dollars from the value of digital assets, CoinDesk reported.

The crypto sector is preparing for a week packed with major token unlocks, sparking speculation among investors. The market is set to see a cumulative $938 million worth of token unlocks from June 8 to June 14. According to data from DefiLlama,

Bitcoin is testing a key support zone as investors assess whether the $60,000 level will hold. One strategist noted that a downside break could bring the $55,000 mark into focus, while holding support could help preserve the prospect of reaching the $100,000 target by the end of the year.

Following the recent discovery of a security vulnerability, the Zcash ecosystem has announced a new modernisation plan aimed at strengthening the network’s privacy and security infrastructure.