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Bitcoin drops below $68K amid $1B crypto liquidations and ETF outflows

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

Bitcoin fell below $68,000, continuing a month-long decline that erased gains from May and triggered over $1 billion in liquidations, mainly affecting leveraged traders. The broader crypto market also dropped, with Ethereum, Solana, and XRP falling 5-6%, while Bitcoin and Ethereum ETFs saw significant outflows. Despite this, Hyperliquid's HYPE token surged over 80% since early May. The selloff coincides with ongoing geopolitical uncertainty and market volatility, contrasting with strong gains in major U.S. stock indexes like the S&P 500 and Nasdaq.

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