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.

XRP is showing sharply compressed Bollinger Bands across multiple timeframes, with charts mapping potential moves toward $1.50 if key levels break, or down to $0.93 if support fails. Separately, whale wallets removed a record 1.91 trillion SHIB from centralized exchanges in 24 hours, while Bitcoin hovered near $62,725 amid talk that liquidity is being pulled toward SpaceX's June 12 listing.

Bitcoin has fallen 26.8% since May 15 and has been trading around the cycle bottom near $60,000, as selling pressure persists. On June 6, 2026, analyst Darkfost said BTC dropped below the Power Law model’s 4% quantile, a level historically tied to heavy pessimism. At the time of writing, Bitcoin was $61,592 (+1.95% in 24 hours) while daily volume fell 56.14% to $31.21 billion.

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's near-term direction is framed by two closely timed U.S. macro releases: the May CPI report on June 10 and the FOMC dot plot update on June 17. The analysis argues these events could drive a roughly ±10% BTC move by shifting rate-cut expectations, real yields, the U.S. dollar (DXY), and risk appetite. Key chart levels highlighted include $68,000 resistance and support around $63,500, with a daily close below $62,500 pointing to $60,000.

Ethereum (ETH) slid to nearly $1,600 as selling pressure pushed the daily RSI down to 13.96, a capitulation-level reading. Large holders stepped in, including a $55.8 million buy for 35,723 ETH near $1,563, while another investor used $142 million in USDT borrowed from Aave to accumulate 87,680 ETH at an average $1,620. With ETF redemptions still pressuring the market, leveraged demand adds downside risk, including a liquidation area near $1,354.

On 7 June 2026, Vietnam’s State Securities Commission (SSC) vice chairman described crypto assets as a new pillar of the country’s digital economy, as the SSC and Ministry of Finance move forward with a five-year pilot aimed at launching a domestic trading platform in Q3 2026. The framework outlines strict licensing and taxation, including VND 10,000 billion (~$400 million) minimum charter capital and a 0.1% tax on each individual transfer based on gross value, even when trades are unprofitable.

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.