Bitcoin and Ethereum extended their sharp declines this week, capping one of the cryptocurrency market's most difficult stretches in recent years as investors pulled billions of dollars from crypto investment products and reduced exposure to risk assets.
Bitcoin fell roughly 15% during the first week of June, dropping below $63,000, while Ethereum slid to its lowest level since April 2025. The declines came amid heavy selling across digital assets, with the broader cryptocurrency market also recording significant losses. According to The Economic Times, Bitcoin's retreat has erased a substantial portion of the gains recorded earlier in the year, while Ethereum faced additional pressure from weakening institutional demand.
