Bitcoin fell to $63,300 on Thursday, its lowest level since January, leaving it down more than 16% on the week and over 45% from the peak above $120,000 last October. Traders on Kalshi are pricing nearly an 80% chance of a drop below $60,000 in 2026, while U.S. spot Bitcoin ETFs have logged $4.21 billion in outflows over the last three weeks. On-chain metrics cited in the report place key levels at $77,800 resistance and $53,900 support as volatility measures and options skew point to elevated demand for downside protection.

A group of 160 former national security, intelligence, and law enforcement professionals has backed the Digital Asset Market Clarity Act of 2025, urging Senate leaders to move the bill forward. The letter argues crypto oversight should be treated as a national security issue and warns that activity could shift offshore if U.S. rules remain unclear. The measure previously cleared the House 294-134 in July 2025 and advanced out of the Senate Banking Committee 15-9 on May 14.

NEAR traded around $2.85–2.88 on June 4 after rising from $1.27 exactly one month earlier, with the token up 7% to 13% over the last 24 hours while Bitcoin stayed below $66,000. The move coincided with NEAR Intents surpassing $20 billion in all-time volume and NEAR joining Amazon Web Services and FailSafe at an AI-focused enterprise event.

Ethena founder Guy Young said USDe will go live on Coinbase next week, marking the first time Ethena products become accessible to Coinbase's 100m+ users. Coinbase also said it bought ENA on the open market as part of the arrangement, after which ENA rose nearly 28% from $0.08 to $0.10.

XRP has moved back into a technical zone that has appeared only four times across its roughly 13-year trading history. On June 1, analyst Cryptollica said on X that XRP's monthly RSI is in a deep "reset" area, with the indicator sitting around 42. The analyst argues that similar setups in 2014, 2017, and 2022 preceded major rallies, though they followed prolonged declines and consolidation.

The latest crypto sell-off cut total market capitalization by more than 7%, falling from above $2.50 trillion to $2.32 trillion at press time. Bitcoin drove much of the decline, with price moving from above $77K to $67K and market cap shrinking from $1.50 trillion to $1.34 trillion. Derivatives saw over $700 million in long liquidations in the past 24 hours, including $283 million in a single hour.

Bitcoin fell below $66,000 on Wednesday and was last seen near $65,721, down almost 2% on the day and about 12% over the prior seven days. The move comes as investors have withdrawn nearly $4 billion from US-listed Bitcoin ETFs across the past 12 sessions and after Strategy sold about $2.5 million in BTC—32 coins out of 843,706—prompting debate over its long-standing “never sell” stance.

Tether and Fasset say they have launched the world's first gold-backed neobanking Visa card, letting users pay merchants globally while earning tokenized gold via cashback and auto round-ups. The product offers up to 6% cashback paid in XAUT and is backed by up to $1 million in XAUT rewards at launch. Users convert XAUT to USDT and then to fiat at checkout, while Fasset targets its $32 billion annualized-volume user base across Asia and Africa.