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Bitcoin plunges over $3,000 in a day, wiping out $636M in long bets amid volatile market swings.

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

Bitcoin experienced a sharp drop to $61,310 before briefly rebounding to around $64,600, ending the day slightly below $64,000. This volatility wiped out $636 million in long leveraged bets and contributed to a total of $1.73 billion in liquidations across the crypto market. The sell-off has pushed bitcoin down 3.2% daily, 14% weekly, and nearly 30% year-to-date in 2026, with market cap falling by over $200 billion since late May. Analysts suggest the crash was driven by a mix of geopolitical tensions, institutional capital rotation, and macroeconomic stress, with some warning bitcoin could retest lows near $55,000 to $57,000 if outflows continue.

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Global automotive microcontrollers market to reach $34.31B by 2035, driven by ADAS, electrification, and software-defined vehicles.

Global automotive microcontrollers market to reach $34.31B by 2035, driven by ADAS, electrification, and software-defined vehicles.

The global automotive microcontrollers market is projected to grow from USD 15.49 billion in 2025 to USD 34.31 billion by 2035, at a CAGR of 8.28%. Growth is fueled by increasing adoption of advanced driver-assistance systems (ADAS), vehicle electrif...

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2 hours ago
Immuron reports FY26 sales growth with 10% rise in Australia and strong gains in Canada and the US.

Immuron reports FY26 sales growth with 10% rise in Australia and strong gains in Canada and the US.

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Company Fundamentals
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4 hours ago
Ragnarok: The New World MMORPG launches in Southeast Asia on July 16, 2026.

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Others
Bullish
4 hours ago
Zymeworks to report Q2 2026 results on August 6, no earnings call due to Theravance Biopharma acquisition plans

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Zymeworks Inc. will release its second quarter 2026 financial results after market close on August 6, 2026. The company will not hold an earnings call following the release due to its pending acquisition of Theravance Biopharma. This acquisition will...

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Global Net Lease to release Q2 2026 results on August 5, with a conference call on August 6.

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Global Net Lease, Inc. announced it will release its financial results for the second quarter ending June 30, 2026, on August 5 after the NYSE closes. The company will hold a conference call and webcast on August 6 at 11:00 a.m. ET to discuss the res...

Company Fundamentals
Neutral
4 hours ago
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