Bitcoin, ether eye worst weekly rout since FTX collapse as cryptos shed $390 billion
first published 2026-06-06T09:38:27Z
U.S. spot Bitcoin ETFs posted $325.69 million in net outflows on June 5, with BlackRock’s IBIT leading redemptions. Bitcoin briefly fell near $59,100 as traders reassessed risk amid weaker sentiment and a more hawkish Federal Reserve outlook. Analysts called $60,000 a key support level and warned of possible downside toward $55,000 if it breaks.
AI Analysis
The article reports large ETF outflows, a Bitcoin price drop, and a stated risk of further downside if $60,000 support fails. These are concrete short-term market signals for BTC.
Expected Investor Sentiment: Very Bearish
Potential Market Impact: High
Source Articles
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