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

Crypto markets lose $390B as Bitcoin and Ether face worst weekly drop since 2022 FTX collapse

Market News
06 Jun 2026
Coindesk
View Source
Bearish
pluang ai news

Bitcoin and Ether suffered their largest weekly declines since the 2022 FTX collapse, dropping 17.3% and 22% respectively, wiping out about $390 billion from the crypto market. The selloff was triggered by Strategy's bitcoin sale, heavy ETF outflows, competition from AI investments, and fears of Federal Reserve rate hikes. About $7 billion in leveraged crypto positions were liquidated, mostly long bets. The market's recovery remains uncertain amid ongoing macroeconomic pressures and competition from AI sectors.

More News (BTC)

Bitcoin falls below $61K, triggering $172M in leveraged long liquidations amid strong US jobs data

Bitcoin falls below $61K, triggering $172M in leveraged long liquidations amid strong US jobs data

Bitcoin dropped below $61,000, hitting an intraday low of $59,227, causing $172 million in leveraged long liquidations within an hour. The selloff was triggered by stronger-than-expected US jobs data, which raised expectations of less Federal Reserve...

Market News
Bearish
4 hours ago
Bitcoin risks dropping to $55K if $60K support breaks, but $100K year-end target remains.

Bitcoin risks dropping to $55K if $60K support breaks, but $100K year-end target remains.

Bitcoin is testing a crucial support level at $60,000, with a break below potentially pushing the price down to $55,000, a historically significant support aligned with its realized price. Despite recent selling pressure and macroeconomic challenges,...

Analyst Insights
Neutral
6 hours ago
Crypto market drops to $2.2T as Bitcoin outflows hit $3.8B amid capital rotation to new hot assets.

Crypto market drops to $2.2T as Bitcoin outflows hit $3.8B amid capital rotation to new hot assets.

The total cryptocurrency market cap has fallen to about $2.2 trillion, driven by a $3.8 billion outflow from Bitcoin since May. Experts say this decline reflects capital rotation, with investors moving funds from Bitcoin to emerging popular assets li...

Market News
Bearish
7 hours ago
US government's Bitcoin holdings drop 50% in value due to price fall, no coins sold.

US government's Bitcoin holdings drop 50% in value due to price fall, no coins sold.

The US government's Strategic Bitcoin Reserve, holding about 328,000 BTC, has lost nearly $20 billion in value since October 2025 due to a sharp decline in Bitcoin's price from its peak of around $124,000. Despite the value drop, the government has n...

Market News
Bearish
8 hours ago
Bitcoin falls below $60K, erasing post-Trump 2024 gains amid regulatory concerns

Bitcoin falls below $60K, erasing post-Trump 2024 gains amid regulatory concerns

Bitcoin's price dropped below $60,000, wiping out gains made after Donald Trump's 2024 reelection. The cryptocurrency has fallen from a peak of over $126,000 in October 2025 due to risk-off selling and increased regulatory worries in the U.S. Market ...

Market News
Bearish
8 hours ago
banner-footerbanner-footer

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