Investment
Features
FeesSafety
Academy
More
Pluang+

Bitcoin drops below $62,000 amid $1.5B crypto liquidations and ETF outflows streak.

Market News
04 Jun 2026
Unchained
View Source
Bearish
pluang ai news

Bitcoin fell below $62,000, reaching its lowest level since before the U.S.-Iran conflict started, as $1.5 billion in crypto longs were liquidated. This decline erased gains from earlier in the year and marked a 50% drop from Bitcoin's October 2025 peak of around $126,000. Spot Bitcoin ETFs experienced their 11th straight day of outflows, totaling about $3.83 billion since May, reducing assets under management from $108 billion to $82 billion. The market volatility increased sharply, signaling a shift from two months of calm, while institutional investors showed signs of retreat, highlighted by MicroStrategy's symbolic Bitcoin sale. This downturn contrasts with rising oil prices, a stronger dollar, and a bullish stock market driven by AI optimism, indicating a complex macroeconomic environment for Bitcoin.

More News

Ether jumps 11% as BlackRock's spot ETFs attract $96M, outpacing Bitcoin's 4% gain this week

Ether jumps 11% as BlackRock's spot ETFs attract $96M, outpacing Bitcoin's 4% gain this week

Ether has surged about 11% over the past week, outperforming other major cryptocurrencies like Bitcoin, which rose 4%. This rise is driven by $96 million inflows into U.S. spot ether ETFs, mainly BlackRock’s low-fee funds, while Grayscale’s higher-fe...

Market News
Bullish
4 hours ago
Veea launches VeeaONE platform for AI-powered, cybersecure edge computing across diverse hardware.

Veea launches VeeaONE platform for AI-powered, cybersecure edge computing across diverse hardware.

Veea Inc. has announced the commercial release of VeeaONE, a full-stack AI infrastructure platform that integrates edge-to-cloud hardware and software. The platform supports VeeaWare middleware on NVIDIA Jetson and x86/Arm servers, enabling secure, l...

Others
Bullish
4 hours ago
Virtuals Protocol launches customizable tokenized indexes on Robinhood Chain for asset bundling and fee earning

Virtuals Protocol launches customizable tokenized indexes on Robinhood Chain for asset bundling and fee earning

Virtuals Protocol has introduced customizable tokenized indexes on the Robinhood Chain, allowing users to combine multiple assets into a single token. This innovation enables users to create and manage their own asset baskets and earn fees when other...

Protocol Fundamentals
Bullish
4 hours ago
US spot Bitcoin ETFs gain $108M; Ether ETFs add $54M amid strong institutional interest

US spot Bitcoin ETFs gain $108M; Ether ETFs add $54M amid strong institutional interest

US spot Bitcoin ETFs saw net inflows of $107.8 million on Wednesday, while Ethereum ETFs attracted $53.8 million, signaling renewed institutional interest in crypto funds. Since their launch in January 2024, Bitcoin ETFs have accumulated over $51 bil...

Market News
Bullish
4 hours ago
Kaia partners with Xilo Labs to enable stablecoin investing in tokenized real-world assets.

Kaia partners with Xilo Labs to enable stablecoin investing in tokenized real-world assets.

Kaia has signed a strategic partnership with Xilo Labs to integrate Mochi, an onchain asset management platform, into Kaia's ecosystem. This collaboration allows users to invest stablecoins into diversified portfolios backed by tokenized real-world a...

Protocol Fundamentals
Bullish
4 hours ago
banner-footerbanner-footer

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