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Bitcoin and Ethereum dip amid Middle East tensions; Strategy Inc resumes Bitcoin buying, analyst urges buying ETH dip.

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

Bitcoin and other major cryptocurrencies like Ethereum and XRP fell slightly as investors reacted to ongoing Middle East tensions and hopes for a ceasefire. Bitcoin traded between $62,000 and $64,000 with declining volume, while Ethereum briefly rose above $1,700 before dropping back. The crypto market saw over $280 million liquidated, mainly from long positions, amid 'Extreme Fear' sentiment. Meanwhile, major US stock indexes rose on hopes of de-escalation. Strategy Inc resumed buying Bitcoin, signaling confidence, and an analyst recommended buying Ethereum during its dip as a long-term opportunity. The futures market's influence is noted as a key factor in Bitcoin's price movements.

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