On June 4, Bitcoin extended its selloff, sliding under $63,000 after briefly dipping to around $61,000 overnight. The move marked roughly a 6.7% daily decline and left BTC near $62,750, while traders monitored whether the $60,000–$62,000 zone can hold as a support area.

Bitcoin’s hashrate stayed near record territory at 1.019 ZH/s on Friday at block 951,531, even as major mining firms increasingly pursue AI and HPC revenue streams. The shift has been fueled by large contracts such as Core Scientific’s 12-year CoreWeave deal worth over $10 billion, while industry voices argue hashrate remains resilient as hardware is resold and redeployed. Longer term, miners may face pressure if transaction fees remain small relative to block rewards after successive halvings.

Bitcoin fell more than 16% over the past week, dropping from around $76k to about $62k and leaving a larger share of holders underwater. The count of loss-making Bitcoin UTXOs rose above 165 million on June 2, while realized price near $53,500 is highlighted as a key level to watch.

Ethereum (ETH) was trading at $1,763 on June 4, 2026 after printing a weekly low of $1,717, while price remained below a long-running ascending trendline that has acted as support since 2022. A weekly close back above roughly $1,820–$1,850 would imply a 3%–5% rebound, but on-chain indicators still point to muted spot demand. Binance open interest sits at $5.68B and the Coinbase Premium Gap is -2.73, suggesting US-led buying remains weak even if the trendline is defended.

On June 4, 2026 at 8:30 a.m. EDT, bitcoin traded at $63,444 as RSI fell to 17 and all 14 tracked moving averages sloped lower. Traders are watching the $61,310 swing low as a key support, with charts showing a bearish structure across daily, 4-hour, and 1-hour timeframes. Analysts say a 4-hour close above $64,500 is needed to improve odds of a move toward the $67,000 to $70,000 resistance zone.

Strategy (NASDAQ: MSTR) is sitting on $10.8 billion in unrealized losses on its Bitcoin holdings after BTC fell below $62,500. The firm has invested $63.89 billion into BTC versus a current balance of about $53.08 billion, and its shares are down 77% from their peak. It also reports roughly $6.7 billion in notional debt and around $871 million in cash as investors look ahead to a June 8 shareholder meeting.

Coinbase and Better Home & Finance Holding Company said they have funded the first Fannie Mae-backed mortgage that uses bitcoin as collateral, and aim to expand access to qualified borrowers nationwide by the summer. The product lets borrowers use bitcoin or USDC to cover a down payment via a separate crypto-backed loan, allowing them to avoid selling their holdings while receiving a standard conforming mortgage.

Arthur Hayes said he has fully sold his Hyperliquid (HYPE) and NEAR Protocol (NEAR) positions and is now holding Worldcoin (WLD) ahead of the anticipated SpaceX IPO. On June 4, he moved 247,334 HYPE—valued at about $18.02 million—to exchanges including OKX, Bybit, and Flowdesk. In the same week, WLD rose over 62% to $0.479, while NEAR traded near $2.44 and HYPE around $66.51.