The crypto market fell 5.61% to $2.1 trillion as rate concerns pressured risk assets. Bitcoin fell as low as $60,000, and Ethereum fell as low as $1,500 in the most recent sell-off. Cardano also been trading close to monthly lows, putting pressure on major crypto coins.
Stronger jobs data prompted renewed U.S. rate uncertainty and inflation fears among investors. The nonfarm payrolls increased to 172,000, which is more than the estimated 85,000. The numbers diminished expectations of quicker decreases in Federal Reserve rates, and stretched weakness into equities and digital assets.
BREAKING:
🇺🇸US Unemployment came in at 4.3%
Expectations: 4.3%The US economy added 172,000 jobs in May, 87000 jobs higher than the expectations of 85,000. pic.twitter.com/Kb3rXZHXXw
— Bull Theory (@BullTheoryio) June 5, 2026
Bitcoin Price Nears $60K As Spot ETF Outflows Continue
Bitcoin price dropped 5.47% to trade at 60,717.28 in the last 24 hours, and it is in line with the market weakness. The overall crypto market cap also declined 5.35% with pressure experienced on major crypto coins.
Bitcoin has lost 17% during the last week and 25% during the last month. The steep fall is after prolonged outflows of spot Bitcoin ETFs.
Spot Ethereum ETFs see first net inflow in 17 days on June 4, while Bitcoin ETFs see first in 13 days
On June 4 (ET), spot Ethereum ETFs recorded a total net inflow of $19.3019 million, marking their first net inflow after 17 consecutive days of outflows. Spot Bitcoin ETFs… pic.twitter.com/guECUsFjd8
— Wu Blockchain (@WuBlockchain) June 5, 2026
Spot Ethereum ETFs see first net inflow in 17 days on June 4, while Bitcoin ETFs see first in 13 days. Bitcoin price should defend the support level of $60,000 as a way of recovering. A reversal would force BTC to as high as $65,900. Nonetheless, a falling break can reveal the following next: $58,700.
Ethereum Price Falls 11% As Crypto Coins Sell-Off Deepens
Ethereum price fell 11.25% to $1,583.72 over the past 24 hours, extending its sharp market decline. ETH has fallen 35% in a week, and 30% in the last month.
The recent action drove Ethereum to its lowest point since April 2025. Sell-off was preceded by a broader pressure in the crypto coins, with the overall market cap declining 5.61% in 24 hours.
BREAKING: ETH extends its decline to -30% over the last month, now at the lowest level since April 2025. pic.twitter.com/ehLZGaDBsn
— The Kobeissi Letter (@KobeissiLetter) June 5, 2026
In response to macro issues, traders moved to buy dollars and sell euro, as the highly anticipated rate cuts were scaled back due to strong U.S. job market data. Ether experienced pressure too, as it recorded a record 17 days of ETF outflows, although it has just registered a small inflow. A technical sentiment was weakened by a break below $1,700. If ETH holds $1,500 to $1,550, a rebound toward $1,750 remains possible. Further declines may challenge $1,400.
Cardano Price Drops 16% As Governance Concerns Deepen
Cardano price crashed 16.64% to $0.159 in 24-hours, extending losses beyond the wider crypto market. The decline came after founder Charles Hoskinon declared that he was taking a break. The news was a further blow to the poor mood concerning Cardano’s governance issues and funding crisis.
The expansion of the market pressure also enhanced the selling of major altcoins, exposing ADA to greater losses. The traders are monitoring the price of 0.158 as support. A clean break would open a move to $0.11 as per the future ADA outlook. Nonetheless, ADA must recover $0.1845 to demonstrate initial stabilization.
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