According to analysts of the Fixygen.ua project, the cryptocurrency market ended the first week of June lower: Bitcoin fell below $60,000 and updated its lows since autumn 2024, Ethereum declined to the $1,550-1,650 zone, while the largest altcoins remained under pressure due to weak demand for risk.
As of June 8, Bitcoin is trading at around $61,800, Ethereum at around $1,630, and Solana at around $64.7. Despite a local rebound at the beginning of the new week, the market remains in a weak position after one of the toughest weeks of 2026.
The main pressure factor was outflows from cryptocurrency investment products. According to CoinShares, in the week to June 1, digital assets recorded outflows of $1.67 billion, marking the third consecutive week of negative dynamics and the second-largest weekly outflow in 2026. Investors withdrew $1.438 billion from Bitcoin products – the largest weekly BTC outflow since the beginning of the year – and $257 million from Ethereum products.
Pressure continued in early June. According to Farside Investors, U.S. spot Bitcoin ETFs showed net outflows of $483.8 million on June 1, $519.1 million on June 2, and $396.6 million on June 3. Only on June 4 were the funds able to move slightly into positive territory – around $3.2 million.
The weakness of ETFs became a signal that institutional demand for crypto assets remains limited. After strong growth in previous years, investors are taking profits, reducing exposure to high-risk assets and reallocating capital to more understandable themes, primarily shares of companies related to artificial intelligence, data centers and semiconductors.
An additional negative factor was news of the sale of part of its bitcoins by Strategy, the company associated with Michael Saylor. Although the sale volume was small compared with the company’s overall portfolio, the very fact of the first BTC sale in several years was perceived by the market as a psychologically negative signal.
Against this background, Bitcoin lost more than 10% over the week and briefly fell below the important $60,000 level. For some traders, this confirmed that the market had entered a phase of deep correction after a period of high liquidity and strong institutional interest.
Ethereum also came under pressure. Weak flows into ETH ETFs and the overall decline in risk appetite did not allow the largest altcoin to stay above $1,800. During the week, ETH declined to the $1,550 zone, after which it partially recovered.
Altcoins as a whole looked weaker than Bitcoin. Solana, XRP, Cardano and other major tokens declined amid reduced liquidity, growing investor caution and declining interest in riskier market segments. In such periods, capital usually concentrates in BTC and stablecoins, while altcoins face stronger pressure.
The macroeconomic backdrop also did not support the crypto market. Investors continue to assess the outlook for U.S. interest rates, inflation dynamics and the resilience of the stock market. As long as expectations for rate cuts remain uncertain, it is difficult for cryptocurrencies to gain a sustained recovery impulse.
Regulation remains a separate factor. The market is waiting for progress on U.S. bills on the structure of the crypto market and stablecoins, but the lack of quick clarity is reducing interest among some institutional investors. Without regulatory progress, crypto assets remain more dependent on ETF flows and overall market liquidity.
Despite the weak week, there are still no signs of panic comparable to the crises of 2022. The market has become more institutional, while liquidity is partly supported by ETFs, stablecoins and large market makers. However, the current dynamics show that the launch of ETFs has not eliminated the cyclicality of the market and has not protected Bitcoin from sharp corrections.
Next week, the key factors for the crypto market will be flows into Bitcoin and Ethereum ETFs, the dynamics of the U.S. stock market, expectations for Fed rates, news on Strategy and regulatory signals from Washington. For Bitcoin, the nearest important zone remains the $60,000-62,000 range; losing it could increase pressure on the market, while a return above $65,000 could become the first sign of stabilization.
The cryptocurrency market remains one of the most volatile segments of global finance. Bitcoin and Ethereum retain the status of the largest digital assets, but their dynamics are increasingly dependent on institutional flows, ETFs, macroeconomic expectations and competition for capital with other investment themes, primarily the AI sector.
