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Crypto market crashes $250B as Bitcoin drops 17%, Ethereum hits 13-month low amid institutional sell-off.

Market News
04 Jun 2026
CryptoTicker
View Source
Bearish
Crypto market crashes $250B as Bitcoin drops 17%, Ethereum hits 13-month low amid institutional sell-off.

The cryptocurrency market experienced a sharp crash in early June, wiping out about $250 billion in value as Bitcoin fell 17% and Ethereum dropped 14%, reaching its lowest price in over a year. This sell-off was driven by massive liquidations, especially on leveraged positions, and a sudden $1.4 billion outflow from US spot Bitcoin ETFs amid rising macroeconomic uncertainty and higher Treasury yields. While traditional stock markets remain stable, analysts debate if the crash is due to market manipulation by large holders or if crypto is anticipating a broader economic downturn. Investors are now watching Bitcoin's $60,000 support level closely, as a breach could signal a prolonged bearish trend.

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