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.
The recent sharp sell-off in the cryptocurrency market has forced a significant share of Bitcoin investors to abandon their profit-taking positions. Darkfost, an analyst at the data platform CryptoQuant, shared important data on the ratio of Bitcoin supply to profit-taking positions
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 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 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.
Cardano continues to face significant pressure this week as weak market structure, declining derivatives activity, and uncertainty within the ecosystem have heavily weighed on market sentiment. ADA was trading near $0.216 after another failed recovery attempt, while traders monitored growing concerns surrounding the potential shutdown of the Cardano analytics platform TapTools.
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.
Bitcoin experienced a sharp decline in early June 2026, tumbling more than 6% in 24 hours to an intraday low of $66,948.
$XRP price extended losses and traded below $1.220. The price is now consolidating losses and faces hurdles near $1.2350 and $1.250.
Bitcoin’s drop toward the $68,000 level on Tuesday was driven by a sharp outflow from risk assets, triggered by a combination of ETF redemptions, a rare Bitcoin sale by Strategy, and a broad wave of derivatives liquidations.
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.
After Bitcoin (BTC) surpassed the $82,000 mark during the first week of May, it once again entered a downward trend. As Bitcoin continues to trade below the $70,000 level, investors are questioning whether the local low of $60,000, recorded in February, will be tested again.
Bitcoin's price fell to its lowest level in two months as selling pressure accelerated and technical analysis highlighted a significant trend line — the 200-week Exponential Moving Average (EMA). According to TradingView data, Bitcoin dropped to $68,771 on the Bitstamp exchange.
Bitcoin dropped below the $70,000 mark for the first time in nearly two months amid concerns surrounding the conflict between the United States and Iran, as well as a rare Bitcoin sale by Strategy, according to Bloomberg.
Українська
Русский
English