Ethereum fell to a 14-month low of $1,500 on Friday after sliding roughly $900 from prior levels. Technical readings cited by analysts include a TD Sequential daily buy signal and ETH/BTC touching 0.026, while on-chain activity shows large purchases such as a $56 million buy under $1,570 and another wallet adding over $28.5 million worth of ETH.

Spot Bitcoin ETFs saw their heaviest weekly net outflow on record, with $1.72 billion pulled during the latest trading week. Over the same period, Bitcoin slid from around $73,000 to as low as $59,100, while total net inflows across the ETFs fell from $59.34 billion to $53.94 billion over four weeks.

Bitcoin fell from above $82,000 to a Friday low of $59,000, briefly slipping under $60,000 before rebounding back above the level. ChatGPT called $60,000 a key psychological support and estimated roughly 40% odds of a break in the coming weeks versus 60% odds it holds and forms at least a medium-term bottom.

US-listed spot XRP ETFs finished the week with $2.62 million in net inflows even as XRP fell from $1.33 to $1.05. June 3 saw $5.34 million in net outflows, but inflows on June 1 ($4.13 million) and June 4 ($3.83 million) helped keep the week positive.

Lookonchain said on June 6, 2026 that Michael Saylor's Strategy and Tom Lee's Bitmine were carrying large unrealized losses, estimated at $12.27B and $10.35B, respectively. The report followed a sharp market slide that saw bitcoin fall to $59,000 on Friday, while other corporate holders such as SharpLink, Metaplanet, and Forward Industries were also shown with sizable paper drawdowns.

A June 5, 2026 post from Crypto Tony lists broad declines in major cryptocurrencies since Donald Trump took office. The figures cited show $BTC down 44%, $ETH down 49%, and $XRP down 68%, alongside sharper drops in several altcoins and two Trump-linked meme coins.

A broad sell-off hit multiple asset classes, sending Bitcoin down to $59,100, pushing gold more than 4% lower, and wiping about $2 trillion from the S&P 500's market cap. The Kobeissi Letter and Nansen linked the move to a stronger-than-expected U.S. jobs report that undermined rate-cut expectations, alongside additional pressures such as crypto drawdowns and equity-supply worries. Kobeissi also cited shifting Fed expectations toward possible hikes by early 2026, after markets had previously priced in multiple cuts.

Bitcoin fell to a multi-year low of $59,100 on most exchanges after a sharp sell-off that accelerated into Friday night. Analyst Ali Martinez said the best risk-reward setups often appear if BTC reaches the 1.0 and 0.8 MVRV Pricing Bands, which he cited at $53,900 and $43,130. Other market watchers disagree on whether a bottom is already in, with some still outlining downside scenarios as low as $50,000 or even $20,000 if support breaks.

A wallet linked to ConsenSys co-founder Joseph Lubin transferred 80,001 ETH (about $121.6M) on June 6, 2026 after more than three years of inactivity, fueling market uncertainty amid ETH's sharp drop. Analysts Ali Martinez and Rekt Capital said ETH has already reached a bearish level near $1,560 and could slide toward just above $1,000 if key trend levels fail.