On June 3, Bitcoin (BTC) traded around $66,500 after briefly dipping below $66,000, adding to concerns that the pullback could deepen. Over the past day, the total crypto market capitalization fell by roughly $140 billion, with traders tracking liquidation clusters near $64,300 and $63,400. Sentiment indicators were described as entering an "Extreme Fear" phase as bearish commentary increased across social platforms.

Bitcoin fell to $65,710 on June 3, breaking below $66,000 as U.S. spot Bitcoin ETF outflows hit $519 million on June 2 and derivatives markets saw heavy forced selling. Analysts pointed to weakening futures demand and sharply negative on-chain momentum indicators as signs that downside pressure could persist.

Grayscale’s Hyperliquid Staking ETF (HYPG) began trading on June 3, featuring a 0.29% sponsor fee that it says is the lowest among U.S.-listed HYPE exchange-traded products. The pricing undercuts 21Shares’ 0.30% THYP and Bitwise’s BHYP, which waives fees for the first month before moving to 0.34%. The launch brings the number of U.S.-listed Hyperliquid funds to three, with HYPE-linked ETFs having already exceeded $132 million in cumulative net inflows as of last month.

Shiba Inu saw a sharp rise in tokens sent to trading venues, with Exchange Inflow (Total) reaching about 699.3 billion SHIB on June 2. The move came as SHIB hovered near local lows and after a key rising support line from March was broken, pushing price toward $0.0000052-$0.0000053. Exchange reserves climbing toward 80.5 trillion SHIB suggests sell-side pressure may remain elevated.

SpaceX is seeking underwriting fees below 0.75% for an IPO that aims to raise about $75 billion, a structure that would still leave banks expecting roughly $500 million in total fees. The Nasdaq roadshow is set to start on June 4, with pricing planned for June 11 and a targeted listing on June 12 under ticker SPCX.

Bitcoin critic Peter Schiff said BTC could drop below $20,000 if it falls through $50,000, arguing market sentiment remains overly complacent. He made the comments with Bitcoin near $67,000, down more than 4% over 24 hours and over 16% across 30 days. Schiff also warned Strategy's STRC yield setup could turn into a self-reinforcing decline if investors question the company's ability to maintain payments.

Bitcoin (BTC) traded at $67,093.55 (-3.58%) as Microsoft’s June 2, 2026 Majorana 2 quantum-chip reveal revived debate over whether future quantum computers could pressure crypto security assumptions. The chip is described as 1,000 times more reliable than its predecessor with average qubit lifetimes of 20 seconds and peaks nearing 1 minute, while traders watched $66,000 support and the $70,000 breakout level.

On 3 June 2026 at 12:41, XRP changed hands around $1.24, down 7% over the week, as traders focused on the nearby $1.20 support and a 2026 cycle low marked at $1.1239. Derivatives data showed opposing positioning across exchanges, with Bybit reducing risk while Binance maintained or added exposure. Technical indicators also pointed to weakening momentum, with XRP below its 50-day and 100-day SMAs and RSI at 33.31.