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Bitcoin drops to $61,322, losing recent geopolitical premium and risking further decline below $58,000 support.

Market News
04 Jun 2026
Cointribune
View Source
Bearish
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Bitcoin fell sharply to $61,322, its lowest since February, wiping out gains linked to Middle East geopolitical tensions. This drop shows Bitcoin acted more like a risky asset than a safe haven, challenging the recent narrative of it as "digital gold." The key $60,000-$65,000 zone is now critical; a close below $61,000 could lead to testing the $58,000 support. Institutional interest is also waning as Bitcoin ETFs see record outflows, increasing market uncertainty. The next days will be crucial to see if buyers return or if the market slides further.

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