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Bitcoin Plunges Below $62,000, Ethereum Falls Below $1,800
- The price of Bitcoin briefly reached $61,383, while Ethereum fell to $1,717.
- A wave of liquidations led to the forced closure of positions worth more than $1.6 billion.
- The sector continues to experience an outflow of institutional capital.
- Experts pointed to geopolitical risks, reduced expectations of Fed policy easing, and competition for investors’ capital.
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.
At the time of writing, Bitcoin is trading slightly above $64,300. This is the level seen in early February 2026, when the asset fell from $96,000 to $64,000, and even lower, over the course of two weeks.
Daily BTC/$USDT chart on the Binance exchange. Source: TradingView.
The asset’s capitalisation briefly fell to $1.24 trillion, according to TradingView. On the weekly chart, the decline stands at 13.5%. In the global ranking of assets and companies, Bitcoin is in 14th place, according to Companies Market Cap.
Ethereum, meanwhile, is trading slightly below $1,800.
Daily ETH/$USDT chart on the Binance exchange. Source: TradingView.
The asset’s capitalisation fell to $207.5 billion, according to TradingView. Over the past 24 hours, the figure declined by 1%, and over the week by almost 12%. The asset ranks 100th by capitalisation but may well drop out of the list.
A similar trend can be observed across the market as a whole. Some assets, however, did not fall as sharply, such as TRON (TRX).
Top 10 crypto assets by capitalisation. Source: CryptoRank.
The daily volume of liquidations exceeded $1.6 billion. Most of these were long positions. More details are available in a separate article.
Daily liquidation volume for crypto futures contracts. Source: CoinGlass.
The Fear and Greed Index is deep in the “red” zone. This means panic sentiment is dominating the market.
Fear and Greed Index in the cryptoasset market. Source: CoinStats.
Possible Reasons
It should be noted that the current decline did not appear suddenly; it is a continuation of the trend seen on 1–2 June 2026. The correction was triggered by Strategy’s first sale of Bitcoin and the worsening situation in the Middle East.
In addition, institutional capital continues to leave the market. According to SoSoValue, assets have been withdrawn from spot Bitcoin ETFs for the fourth consecutive week. The total amount has already approached $5 billion.
According to Presto Research, crypto assets are being forced to compete for investment capital with AI companies and precious metals. This competition is intensifying as expectations of a softer Federal Reserve policy decline.
