A New York Supreme Court judge halted a default judgment on Friday in Noah Doe v. John Does 1-39,069, after which several bitcoin wallets tied to the dispute showed fresh activity. On Sunday, a wallet last active in 2019 transferred 1,878.5711 BTC valued at $114.16 million, an onchain move that could complicate claims that the addresses were abandoned.

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.

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.

Bitcoin has slid roughly 24% over the past month and is trading about 52% below its Oct. 6, 2025 peak above $126,000, even as buyers pushed it back above $61K after dipping to just under $59,750. Peter Schiff warned on Friday that a fresh breakdown could trigger a “Crypto Black Monday,” and his X poll showed 59% of 15,700+ votes saying BTC would need to hit zero before they'd concede he was right. Bulls pointed to oversold RSI signals and model-based targets near $165,000, while traders focused on whether price can hold above the 2026 low.

Gold and silver erased about $1 trillion in combined value from January peaks, with gold near $4,331/oz and silver around $67.30 on June 5. Gold is down roughly 23% from $5,608, while silver is off about 44% from above $121 as higher rate expectations pressured non-yielding metals. Platinum and palladium also fell sharply in the same session.

Bitcoin traded at $61,822 on June 7, 2026 at 8:35 a.m. EDT, after defending the $59,100 low while short-term momentum indicators sank into oversold territory. The setup shows RSI-14 at 24 and mixed oscillator readings, but 13 of 15 moving averages remain in sell alignment, leaving $63,000–$64,000 as the key area needed to challenge the broader daily downtrend.

A New York Supreme Court judge paused proceedings on June 5, 2026 after attorney Ian R. Cohen filed an amicus brief challenging claims over 39,069 dormant bitcoin wallets valued at about $293 billion. The case, filed March 11 and amended May 1, seeks a declaratory judgment that the wallets were abandoned under New York's lost-and-found statute. On June 6, 2026, 47.26 BTC linked to a defendant address moved onchain, adding to other recent transfers cited as undermining the abandonment theory.

Bitcoin trading in South Korea shifted into a sustained discount versus global prices, with the KRW gap reaching 3.1% on June 1. By 11:15 a.m. EDT on June 6, BTC was near $60,608 worldwide but $59,115 on Upbit, a 2.46% markdown, even as Upbit posted $1.21B in 24-hour volume. The report links the softer crypto bid to capital flowing into AI and semiconductor stocks during a KOSPI rally.

Goldman Sachs has issued blockchain-native fund units for the LRC Tokenized Real Estate Fund on its GS DAP platform, with the first token issuance dated April 27, 2026. The Luxembourg-domiciled vehicle is set up for institutional and professional investors across the EEA, with Apex Group, Archax, LRC Group, and Ownera filling roles spanning fund management, servicing, custody, distribution, and interoperability; no retail access or secondary-market trading has been detailed.