Zcash (ZEC) dropped from above $600 to nearly $300 in a matter of days as traders reacted to concerns around the Orchard pool vulnerability, even as the issue has been fixed with no evidence of real-world exploitation. Bitcoin (BTC) lost the $72,000–$74,000 zone and fell toward $60,000 on heavy selling, with charts pointing to a potential $50,000–$55,000 demand area if support fails. XRP broke below $1.30 and is now watched around $1, with deeper technical levels highlighted at $0.75–$0.85 and $0.50–$0.60.

Oobit says USDT accounts for nearly all stablecoin transaction volume across most Latin American markets where it operates, including effectively 100% in Bolivia, Peru, and Ecuador. The report also cites Brazil posting 202% activity growth since Oobit launched, with active users averaging 20 transactions per month, and notes the service lets people spend from self-custody wallets at Visa-accepting merchants.

LayerZero's ZRO slid 15.58% over the past 24 hours, underperforming Bitcoin's 1.9% decline as overall altcoin sentiment weakened. Trading volume fell 50.72% to $67.68 million, while the price broke below the $1.098 support, putting the $0.80 area on traders' radar. Despite the sell-off, spot net outflows of about $447,880 on June 5 and a positive 0.0395% funding rate pointed to lingering long bias and cautious positioning.

Bitcoin traded near two-month lows on Wednesday after touching $65,362 on Bitstamp, while traders warned that key long-term support near the 50-month EMA could fail. Sentiment also weakened, with the Crypto Fear & Greed Index dropping to 11/100 on Wednesday. Separately, Standard Chartered reiterated an Ether target of $4,000 by end-2026 despite ETH trading under $2,000 after falling about 57% from its August 2025 peak above $4,800.

South Korean authorities have opened what is described as the country's first criminal case targeting local users of Polymarket, with police cyber units tracing transactions and seeking to identify bettors. The probe intensified around trading tied to the June 3 national election, as officials assess whether election-based prediction market activity constitutes illegal gambling and whether the site could be blocked.

Bitcoin continued a two-week slide, and on June 2 analyst Aralez said BTC broke below a four-month support level. The drop included a more than 8% one-day decline that pushed price under $69,000, with BTC later hovering just above $62,000. Aralez outlined a 30–60 day path that includes a possible rebound toward $71,000–$72,000 before renewed weakness toward $65,000–$63,000 and a potential sweep below $60,000.

Bitcoin fell below $60,000 on Friday, hovering around $59,911, down about 6% on the day and 18.7% over the week. Ethereum dropped 23% to roughly $1,555 and Solana fell 22% to about $63.75 as stronger U.S. May jobs data lifted Treasury yields and rate-hike odds, while traders also focused on Strategy's next Bitcoin move.

Bitcoin slid to a 2026 intraday low of $59,100 on June 5, extending declines to 19.3% over seven days and 26.8% over 30 days. The drop coincided with $1.75 billion in crypto liquidations in 24 hours, affecting 351,233 traders, while market watchers cited ETF outflows, a small Strategy BTC sale, and weakening sentiment indicators.