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Crypto market drops 8.7% amid macro pressures and heavy liquidations this week

Market News
03 Jun 2026
CryptoTicker
View Source
Bearish
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The total cryptocurrency market cap fell to $2.29 trillion, down 8.7% over the past week due to macroeconomic concerns like persistent inflation and expectations of prolonged high interest rates. This environment has led to capital moving away from speculative assets like crypto into safer government bonds. Additionally, large liquidations of leveraged positions, especially in Bitcoin, accelerated the sell-off across major cryptocurrencies. Institutional investors have also reduced their net inflows into Bitcoin and Ethereum ETFs, weakening buying support. Key coins like Bitcoin, Ethereum, Solana, and Ripple all saw notable price declines, with technical support levels being tested. While the short-term trend is bearish, such corrections are typical in market cycles, and investors should watch institutional flows and regulatory updates for clues on the next move.

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