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Bitcoin and Ethereum drop sharply, wiping $390B off crypto market amid risk-off sentiment and $7B liquidations

Market News
07 Jun 2026, 09:16 WIB
Crypto Briefing
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Bearish
Bitcoin and Ethereum drop sharply, wiping $390B off crypto market amid risk-off sentiment and $7B liquidations

Bitcoin and Ethereum prices fell steeply last week, with Bitcoin down 17.3% and Ethereum 22%, causing a $390 billion drop in total crypto market value. The decline is linked to minor Bitcoin sales by Strategy, a shift of investment towards AI stocks, and $7 billion in leveraged position liquidations. This reflects a broader risk-off mood in global markets affecting digital assets. Investors will watch for signs of recovery such as regulatory improvements or major institutional buys, while further capital moves to AI stocks could keep pressure on crypto prices.

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