Asset icon - trade crypto, stocks, and gold on Pluang
Trade on Pluang
One platform for all markets
Download

Bitcoin drops below $63,000, hitting lowest since February amid growing selloff and volatility fears.

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

Bitcoin's price fell to around $63,000, its lowest since February, dropping over 14% this week and 21% in the past month. This decline has increased market volatility, with the 30-day implied volatility index reaching its highest since April. Institutional demand is waning, as shown by 13 consecutive days of outflows from U.S.-listed spot bitcoin ETFs. Analysts warn that lack of new positive catalysts, liquidity shifts to other tech sectors like AI, and concerns about Mt. Gox-related selling could drive further price drops, with key support levels around $60,000 and some speculating a bottom near $50,000.

More News (BTC)

Bitcoin drops below $64K, triggering $1.1B liquidations amid market uncertainty.

Bitcoin drops below $64K, triggering $1.1B liquidations amid market uncertainty.

Bitcoin's price fell below $64,000, causing over $1.1 billion in liquidations within 24 hours. This sharp decline reflects increased market volatility and reduced confidence in Bitcoin reaching higher price targets in June 2026. Investors are closely...

Market News
Bearish
4 hours ago
Bitcoin price falls below $63,000 amid market volatility, dampening short-term recovery hopes.

Bitcoin price falls below $63,000 amid market volatility, dampening short-term recovery hopes.

Bitcoin's price dropped below $63,000 amid ongoing market volatility, signaling a cautious outlook for the cryptocurrency's near-term performance. This decline has influenced prediction markets, reducing confidence in Bitcoin reaching higher price ta...

Market News
Bearish
4 hours ago
US Treasury signals quick progress on strategic Bitcoin reserve and potential crypto regulation this summer.

US Treasury signals quick progress on strategic Bitcoin reserve and potential crypto regulation this summer.

The US Treasury Secretary announced rapid progress toward creating a strategic Bitcoin reserve and indicated the Clarity Act, a bill to clarify crypto trading regulations, could pass this summer. This marks a shift from enforcement to building a long...

Market News
Neutral
5 hours ago
ZCash surges 36% as Bitcoin falls 21%, driven by regulatory clarity and strong development.

ZCash surges 36% as Bitcoin falls 21%, driven by regulatory clarity and strong development.

Bitcoin has dropped 21% since its rejection near the $79K–$85K resistance zone in May, while ZCash (ZEC) has rebounded 36% and remains up over 1,000% since June 2025. The divergence is fueled by the SEC closing its investigation into Zcash, removing ...

Market News
Bullish
7 hours ago
XRP falls to $1.188 YTD low amid $14M liquidation wave and geopolitical tensions

XRP falls to $1.188 YTD low amid $14M liquidation wave and geopolitical tensions

On June 3, XRP dropped to a new year-to-date low of $1.188 amid a broad crypto sell-off driven by escalating U.S.-Iran military tensions. The decline triggered $14.06 million in long liquidations, overshadowing positive news like Mastercard's support...

Market News
Bearish
7 hours ago
banner-footerbanner-footer

Invest & Trade with
#1 Award-Winning Investment Super App