Why Is the Crypto Market Crashing Today, June 6, 2026? The Nasdaq Crypto Index is down 6.82% to 2,783.65 as of June 5 at 3:11 PM ET, and the selling pressure has only deepened into June 6. Every major token is bleeding. Bitcoin is down 6.61% to $59,475. Ethereum has shed 11.88% to $1,557. XRP has dropped 7.50% to $1.08. Litecoin is off 6.54% to $42.57. The crash is not random noise — it is the product of at least five converging forces hitting the market simultaneously.
