Bitcoin’s network hashrate has fallen by 145 EH/s since May 28, 2026, dropping from 1,030 EH/s to 885 EH/s as prices retreat to levels last seen in February. Over the same period, hashprice declined 26.96% in 30 days to $28.26/PH/s as of June 7, while a 10.76% difficulty cut is projected for June 13, 2026.

Ethereum’s selloff in June pushed ETH below $1,800, with price reaching as low as $1,536 in the past 24 hours and marking its lowest level so far in 2026. The drop has also dragged the monthly RSI to its weakest reading since Ethereum began trading in 2015, a zone that previously appeared near major cycle lows in 2020 and 2022. ETH was trading at $1,612 at the time of writing, while spot Ethereum ETFs saw $19 million of net inflows on June 4 before flipping to $5.97 million of net outflows the following day.

Iran is reported to be collecting about $1.5 million to $2 million per ship for passage through the Strait of Hormuz, with some payments allegedly settled in Tether's USDT rather than cash or barter. A parliament member said the proceeds are deposited into the treasury under the budget law and spent in designated areas. U.S. OFAC has cautioned maritime firms that digital-asset payments connected to Iranian blocked entities could expose them to secondary sanctions.

A New York Supreme Court order filed June 5 paused a lawsuit seeking a declaratory judgment of ownership over 39,069 so-called dormant bitcoin wallets. Justice Kathy J. King halted further proceedings ahead of a July 14 hearing on whether to accept a proposed amicus brief by attorney Ian R. Cohen that disputes applying New York's lost-and-found law to assets controlled by private keys.

Standard Chartered says Strategy may disclose a new bitcoin purchase on Monday, estimating the company could add either 320 BTC or up to 3,200 BTC after recently selling 32 BTC. The bank argues a larger follow-on buy could refocus attention on institutional demand, as BTC held above $59,100 with resistance around $63,000–$64,000.

Coinbase said earlier this week it rolled out pre-IPO perpetual futures, launching first with a SpaceX-linked contract for eligible users outside the United States. The product lets traders take long or short exposure to SpaceX's implied valuation with P&L settled in USDC, and Coinbase says positions will convert into a standard SpaceX perpetual contract if the company later completes an IPO.

XRP stayed weak as Bitcoin slipped below the $70,000 level during Tuesday's risk-off session, extending pressure across major tokens. Analysts pointed to exchange-flow spikes, a rare monthly RSI "deep reset" zone, and an accumulation band around $1.10–$1.30, with some discussing upside targets up to $15. At last check, XRP traded at $1.12, up 3.70% over the past 24 hours.

Bitcoin slid to a 2026 low of $59,100 this week and, as of 1 p.m. EDT on June 7, traded more than 50% below its $126,080 all-time high set on Oct. 6, 2026. While a few tokens posted strong 2026 YTD gains, many large-cap altcoins are still down far more than BTC from their peaks, with several sitting 94%–99.7% below ATH.