Bitcoin closed this Friday, June 5, 2026 at $63,796, recording a decline of 0.4% on the day. Ethereum, for its part, was trading at $1,769. But the real shock is weekly: BTC plunged 13.2% in seven days, a severe correction that erases several weeks of gains. Crypto markets are under pressure, and investors are holding their breath.
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This fall comes amid a tense macroeconomic backdrop. Fears of a global recession persist, fueled by disappointing economic data in the United States and Europe. Risk assets, like cryptocurrencies, are the first to suffer when risk aversion dominates. Bitcoin, often presented as a safe haven, here shows its correlation with traditional markets. Trading volumes have surged, signaling panic or massive profit-taking.
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For investors, this dark week reminds us of the inherent volatility of crypto. Some see it as a buying opportunity at reduced prices, while others fear a continued decline. The psychological threshold of $60,000 is now in sight. The trend remains bearish in the short term, and the coming days will be crucial in determining whether the market finds a floor or continues its slide.
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Historical Context
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