Cryptocurrency markets remained under pressure on June 5, with Bitcoin and Ethereum extending recent losses as investors continued to pull capital from digital assets.
Bitcoin hovered near the US$64,000 mark after briefly falling toward a four-month low earlier in the week, while Ethereum traded below US$1,800, reflecting broad risk-off sentiment across the crypto sector.
Persistent outflows from spot crypto ETFs, heavy liquidations in leveraged positions and growing investor interest in high-growth artificial intelligence-related equities have weighed on demand for digital assets.
The recent selloff has erased billions of dollars from the crypto market, with Bitcoin testing key support levels and Ethereum facing renewed pressure after breaking below major psychological thresholds. Analysts point to weak institutional inflows and profit-taking by large holders as key drivers behind the downturn.
Despite the bearish momentum, some market observers believe the correction could present a longer-term accumulation opportunity, particularly if regulatory clarity and institutional demand return later this year.
For now, however, caution remains the dominant theme as crypto investors navigate one of the market’s toughest stretches of 2026.
