Crypto Market Daily News (June 3)
Crypto market crashes across the board
Bitcoin falls below $66,000
Hits a new low in nearly two months
24-hour drop exceeds 6%
Down more than 24% year-to-date
Ethereum also plunges sharply
Declines at one point by more than 7%
Altcoins are even more brutal
SOL drops nearly 10%
Dogecoin tumbles more than 8%
XRP and BNB both fall by over 6%
Nearly 280,000 people worldwide are liquidated
Total liquidation value reaches $1.78 billion
Largest single liquidation is nearly $200 million
Long positions account for over 90% of liquidations
A cascading liquidation stampede effect takes hold
Three major factors trigger the sell-off
Strategy’s first time selling Bitcoin
Breaking the usual buy-only pattern
U.S. Bitcoin ETFs
Fund outflows for 11 consecutive days
A cumulative withdrawal of $3.45 billion
Sudden escalation of the U.S.-Iran situation
Both sides launch attacks against each other
Airports in multiple Middle Eastern countries suspend operations
Other important updates
SEC issues a crypto regulatory framework
Adopts a five-category token classification method
16 major coins are recognized as commodities
The U.S. sanctions Iran’s crypto platform
It is added to the SDN list
Crypto market crashes across the board
Bitcoin falls below $66,000
Hits a new low in nearly two months
24-hour drop exceeds 6%
Down more than 24% year-to-date
Ethereum also plunges sharply
Declines at one point by more than 7%
Altcoins are even more brutal
SOL drops nearly 10%
Dogecoin tumbles more than 8%
XRP and BNB both fall by over 6%
Nearly 280,000 people worldwide are liquidated
Total liquidation value reaches $1.78 billion
Largest single liquidation is nearly $200 million
Long positions account for over 90% of liquidations
A cascading liquidation stampede effect takes hold
Three major factors trigger the sell-off
Strategy’s first time selling Bitcoin
Breaking the usual buy-only pattern
U.S. Bitcoin ETFs
Fund outflows for 11 consecutive days
A cumulative withdrawal of $3.45 billion
Sudden escalation of the U.S.-Iran situation
Both sides launch attacks against each other
Airports in multiple Middle Eastern countries suspend operations
Other important updates
SEC issues a crypto regulatory framework
Adopts a five-category token classification method
16 major coins are recognized as commodities
The U.S. sanctions Iran’s crypto platform
It is added to the SDN list