On Friday, Bitcoin fell near a four-month low and headed for a significant weekly decline amid continued institutional selling, driven by persistent tensions around the war with Iran, which is forcing traders to stay away from cryptocurrencies.
As of 15:30 Eastern Time on 4 June 2026, Bitcoin was trading at $63,826, approximately 2.8% below its daily level. This price level has become the focus of attention on Polymarket, Kalshi and Myriad, where open contracts worth millions of dollars show a persistent bearish bias.
$NEAR stood out sharply against the backdrop of a weak crypto market. While the total capitalisation of digital assets fell by 3.7%, the Near Protocol token gained almost 20% over 24 hours and climbed to $2.75.
The latest price movement pushed $ETH below the $1,800 level watched by analyst Ali Martinez. It also brought the asset closer to its weakest zone since April 2025, when $ETH fell to $1,400 before a recovery rebound followed.
On 3 June, $XRP reached a new yearly low of $1.188 amid a broader cryptocurrency sell-off, losing nearly 34% over the year before stabilising slightly below $1.22.
For 13 consecutive days, investors have been withdrawing money from spot cryptocurrency exchange-traded funds. In total, they have pulled more than $4 billion from Bitcoin ETFs over this period.
Bitcoin dropped to nearly a four-month low on Thursday, extending its decline as negative sentiment continued to weigh on cryptocurrency markets. Escalating tensions in the Middle East increased risk aversion among investors and pushed capital toward safer assets.
On June 4, Bitcoin briefly dropped to around $61,300, marking one of its sharpest declines in recent months. The asset later recovered part of its losses and climbed back above $64,000. The last time Bitcoin traded near these levels was in February 2026.
Bitcoin has once again become the focus of market attention after prediction markets began assigning nearly even odds that the cryptocurrency could fall below $50,000 before the end of 2026.
Bitcoin plunged sharply below the $66,000 level after a new escalation of tensions between the United States and Iran. On Coinbase, the price of $BTC fell to as low as $65,385, marking its lowest level since late March.
Last week, readers were informed about the renewed flow of funds into dollar-denominated alternatives such as Tether and USD Coin (USDC) amid Bitcoin’s decline from its early-May highs above $80,000. This combination of factors served as an early warning sign of a potential full-scale risk-off move across the cryptocurrency market.
The $NEAR Protocol blockchain will implement post-quantum cryptography measures by the end of Q2 2026, meaning as early as this month. This was stated by the project’s co-founder Illia Polosukhin.
Bitcoin dropped to its lowest level in more than two months on Wednesday, extending a sharp decline after the largest corporate holder of cryptocurrency — Strategy — sold part of its holdings, which the market interpreted as a bearish signal.
The total crypto market capitalization has fallen sharply to $2.32 trillion. The decline has wiped out roughly 17% of the market value in less than three weeks.
Bitcoin experienced a sharp decline in early June 2026, tumbling more than 6% in 24 hours to an intraday low of $66,948.
As investors’ expectations for a new short-term bullish trend in Bitcoin continue to weaken, the leading cryptocurrency BTC intensified negative market sentiment with its sharp decline over the past 24 hours.
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