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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
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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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