According to data from the Fixygen.ua project, the cryptocurrency market is ending the week with a cautious recovery following the sharp decline in early June, while investors continue to withdraw funds from crypto funds and spot Bitcoin ETFs, market data shows.
As of Friday, Bitcoin is trading around $63,600, and Ethereum around $1,670. BTC remains range-bound after falling below $60,000 last week, which marked one of the most significant declines since 2022.
The main factors putting pressure on the market were expectations of a tighter policy by the U.S. Federal Reserve, rising geopolitical risks in the Middle East, reduced risk appetite, and outflows from cryptocurrency investment products.
According to CoinShares, for the week ending June 1, digital investment products recorded outflows of $1.67 billion, marking the third consecutive week of negative flows. Bitcoin funds lost $1.44 billion—the largest weekly outflow for BTC in 2026—while Ethereum products lost $257 million.
According to SoSoValue, spot Bitcoin ETFs in the U.S. have lost over $2 billion since the beginning of June. The ETF market remains one of the key indicators of institutional demand: as long as outflows persist, a sustainable upward momentum for BTC is not forming.
The situation surrounding Strategy, formerly known as MicroStrategy, put additional pressure on market sentiment. The company first sold a small portion of its Bitcoin holdings for the first time since 2022, which sent a negative signal to the market, but then reported purchasing 1,550 BTC for $101.3 million between June 1 and 7. This partially stabilized sentiment but did not alter investors’ overall caution.
Ethereum also remains under pressure. The price of ETH is holding in the $1,600–1,700 range, but interest in the asset is limited by a general decline in risk appetite and weak ETF performance. At the same time, the market continues to view Ethereum as a key asset for DeFi, tokenization, and infrastructure solutions, so its medium-term performance will depend not only on the price of BTC but also on activity within the ecosystem.
Altcoins moved in different directions throughout the week and mostly followed Bitcoin. Assets with high beta sensitivity to the market showed the weakest performance, while liquidity was concentrated in the largest coins.
The macroeconomic backdrop remains mixed. On the one hand, easing geopolitical tensions and a recovery in stock indices have supported risk appetite. On the other hand, strong U.S. labor market data and persistent inflationary uncertainty are dampening expectations of a rapid Fed rate cut.
In the crypto industry, attention was also focused on regulatory initiatives in the U.S. Republicans in the House of Representatives introduced a package of crypto tax bills, and the U.S. Treasury, according to market reports, continues to work on the issue of a strategic Bitcoin reserve.
Preliminary weekly summary: The crypto market recouped some of its losses following the June sell-off, but has not yet shown a full-fledged reversal. BTC is holding above $60,000, but outflows from ETFs, weak institutional demand, and macroeconomic uncertainty maintain the risk of retesting the lower boundary of the range.
Key factors for the market next week will be the dynamics of flows in spot Bitcoin ETFs, signals from the Fed, the geopolitical backdrop, and Bitcoin’s ability to consolidate above the $63,000–$65,000 range.
