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

Bitcoin drops 50% from all-time high amid broad crypto market downturn

Market News
04 Jun 2026
Crypto Briefing
View Source
Bearish
pluang ai news

Bitcoin has fallen 50% from its all-time high as the broader cryptocurrency market faces a downturn marked by liquidations and losses. Analysts link this decline to a macroeconomic selloff influenced by weak tech stocks and ETF outflows, suggesting a deleveraging phase rather than a fundamental issue with Bitcoin's protocol. The drop reflects Bitcoin's current behavior as a high-risk asset aligned with global financial stress. Investors are watching for signs of stabilization, with key factors including macroeconomic data, tech stock trends, institutional moves, and regulatory changes that could impact Bitcoin's recovery prospects.

More News (BTC)

Bitcoin falls to $61,000 amid US regulatory uncertainty and heavy selling by long-term holders.

Bitcoin falls to $61,000 amid US regulatory uncertainty and heavy selling by long-term holders.

Bitcoin's price dropped to $61,000 in early June 2026, marking a decline of over 25% this month. This drop is driven by significant selling from long-term holders and ongoing uncertainty about U.S. cryptocurrency regulations, which remain unsettled. ...

Market News
Bearish
4 hours ago
Bitcoin's June crash not caused by Saylor's sale but by loss of momentum to gold, AI stocks, and IPOs.

Bitcoin's June crash not caused by Saylor's sale but by loss of momentum to gold, AI stocks, and IPOs.

Bitcoin's drop below $62,000 in June 2026 was wrongly blamed on Michael Saylor's sale of 32 BTC, which was too small to impact the market. The real cause is Bitcoin losing its status as the dominant momentum trade, with speculative capital shifting t...

Market News
Bearish
4 hours ago
Bitcoin dips below $62,000 amid $3B liquidations and bearish derivatives signals

Bitcoin dips below $62,000 amid $3B liquidations and bearish derivatives signals

Bitcoin briefly dropped to $61,300 before recovering to around $62,500, triggering $3 billion in liquidations over two days. Derivatives markets show strong bearish sentiment, with increased put option activity at the $60,000 strike and rising implie...

Market News
Bearish
4 hours ago
Hyperliquid price drops 10% after BitMEX co-founder sells all HYPE tokens, testing key support levels.

Hyperliquid price drops 10% after BitMEX co-founder sells all HYPE tokens, testing key support levels.

Hyperliquid's price fell over 10% from its record high after BitMEX co-founder Arthur Hayes liquidated his entire HYPE holdings, worth about $18 million. This triggered profit-taking and a broader crypto market downturn amid rising oil prices and geo...

Market News
Bearish
5 hours ago
Bitcoin price drops below $65,000, forming new support around $50,000 amid rising selling pressure.

Bitcoin price drops below $65,000, forming new support around $50,000 amid rising selling pressure.

Bitcoin's price has fallen sharply below the critical $65,000 support level, triggering increased selling pressure and market concern. Analyst Ali Martinez highlights that Bitcoin may find its next major support zone around $50,000, a level where sig...

Market News
Bearish
5 hours ago
banner-footerbanner-footer

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