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Bitcoin and major cryptocurrencies plunge amid whale sell-offs and geopolitical tensions.

Market News
03 Jun 2026
Benzinga
View Source
Bearish
pluang ai news

Bitcoin dropped below $63,000, hitting a four-month low as large sell-offs by whales and geopolitical tensions, including Middle East conflicts, dampened market sentiment. Ethereum, XRP, and Dogecoin also fell sharply, with over a billion dollars wiped out in long crypto positions in the last 24 hours. The Crypto Fear & Greed Index showed 'Extreme Fear,' reflecting bearish investor sentiment. Analysts warn that key support levels for Ethereum around $1,825 are critical, with potential further declines if these levels fail to hold.

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