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Crypto News Today (June 4): BTC Taps $61K Overnight as Liquidations Pile Up In crypto news today (June 4), the market continues to bleed as June maintains its bearish trend. Bitcoin crashed below $62,

Crypto News Today (June 4): BTC Taps $61K
Overnight as Liquidations Pile Up
In crypto news today (June 4), the market continues to bleed as June maintains its
bearish trend. Bitcoin crashed below $62,000
overnight, falling by - 4.8% over the past 24 hours. The crash has caused more than $1.63Bn in daily liquidations, with over $1.38Bn of that figure being long trades.
This recent spate of liquidations has contributed to the daily trading volume exceeding $393Bn, more than double yesterday's $143Bn. The spike in volume highlights trader activity, with many participants offloading bags before any deeper drop.

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Crypto News Today (June 4): BTC Taps $61K Overnigh

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TradFi Trading Strategies Sharing Challenge2026 World Cup Posting Challenge on HTX Square1$ Margin TradeDogecoin and Shiba Inu are currently in a consolidation phase where the market is waiting for a 

Dogecoin and Shiba Inu are currently in a consolidation phase where the market is waiting for a strong catalyst to trigger the next major move. While short-term volatility remains present, long-term price action depends heavily on meme cycle returns and retail interest.

Both coins remain among the most popular meme assets in the crypto space, and historically they have shown explosive growth during bullish sentiment phases. However, without hype and liquidity, price action remains limited.

Investors are currently waiting for confirmation signals and renewed social media momentum before making strong moves in meme coins.

👉 Will DOGE and SHIB lead the next viral meme rally in your opinion?



Dogecoin and Shiba Inu are currently in a consolid

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Crypto has become a key payment rail for a fast-growing gray-market peptide trade, according to a new Chainalysis report.
 
 
 
 
 
 
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Gray peptide vendors embrace stablecoins as safety fears deepen

TradFi Trading Strategies Sharing Challenge2026 World Cup Posting Challenge on HTX Square1$ Margin TradeThe recent movement in Immutable X (IMX) is mainly driven by broader crypto market weakness and 

The recent movement in Immutable X (IMX) is mainly driven by broader crypto market weakness and reduced investor risk appetite. One of the key influencing factors is Bitcoin dominance, as BTC continues to control the overall direction of the crypto market.

When Bitcoin experiences selling pressure or sideways movement, gaming and NFT-related tokens like IMX often react with higher volatility due to their high-growth and speculative nature.

Another major factor is reduced liquidity and weak institutional inflows, which are limiting upward momentum across altcoins. Without strong capital inflows, IMX struggles to maintain consistent bullish movement.

Global economic uncertainty is also impacting investor behavior, pushing traders toward safer assets and reducing exposure to high-risk crypto investments.

Additionally, short-term profit-taking and leveraged position liquidations are increasing downward pressure and short-term volatility spikes.

Despite current weakness, many analysts still consider this a normal correction phase within a broader crypto cycle rather than a long-term bearish trend.

👉 Is IMX correction temporary or start of deeper downtrend?



The recent movement in Immutable X (IMX) is mainly

TOKEN — IT'S THE DATA LAYER POWERING THE NEXT GENERATION OF DEFI. 🚨 While most traders are chasing charts, smart money is watching the infrastructure that keeps decentralized markets alive. ⚡ $PYTH de

$ORCA Strong Recovery Opportunity Trade Idea: Entry Point: $1.12 - $1.14 Target Point: TP1: $1.20 TP2: $1.28 TP3: $1.38 Stop Loss: $1.07 ORCA remains one of the stronger setups if buying volume return

Bitmine's Ethereum bet nears $9 billion loss as ether falls below $1,800 Bitmine Immersion Technologies (BMNR), the largest corporate holder of ether ($ETH), is staring at nearly $9 billion in losses 

Bitmine's Ethereum bet nears $9 billion loss as ether falls below $1,800
Bitmine Immersion Technologies (BMNR), the largest corporate holder of ether ($ETH), is staring at nearly $9 billion in losses as the token's slide below $1,800 drags down the value of its massive treasury.
Shares of the Tom Lee-chaired company fell another 5.9% Wednesday, slipping below $17 and extending their decline to 28% since early May. The stock has now dropped below its February lows to its weakest level since the company announced its

Bitmine's Ethereum bet nears $9 billion loss as et

After days of upward movement, AI stocks and the Nasdaq Composite started to fall Wednesday and continued their decline in early trading for Thursday. Sandisk was one of the most notable casualties, l

After days of upward movement, AI stocks and the Nasdaq Composite started to fall Wednesday and continued their decline in early trading for Thursday. Sandisk was one of the most notable casualties, losing 3.6% on Thursday morning and dropping back to where it was the previous day.

As severe as that drop may appear, the stock is still well above its position from the start of the week. There is no doubt that SNDK is still a very strong stock, having gained 5.50% since the year began and benefitting tremendously from a prolonged AI market rally.

Sandisk Displays Excellent Stock Performance in a Crowded Market

The headlines may focus on AI stocks, and Sandisk offers data storage options that are essential for that market but are not directly powering AI programs or offering AI services. So, they fall slightly outside the focus of many AI market investors, but their strong stock performance speaks for itself. As the AI sector moves bullishly forward and expectations remain exceedingly high for that sector to outperform this year compared to last year, Sandisk is profiting.

Their capital expenditures are by design much lower than other companies that are benefiting from the artificial intelligence boom. Sandisk reported gross capital expenditures of $240 million, which accounts for just 4% of their revenue. They expect to spend around $650 million over the next 12 months to purchase necessities like equipment and facilities.

That is considerably lower than the capital expenditures for Meta Platforms (META), which anticipates spending around $130 billion in 2026. Because Sandisk has been able to keep its capex spending under control, investors are much more bullish on this stock compared to other AI futures. The market is still under scrutiny over tech investment in AI developments. Amazon (AMZN) plans to spend around $200 billion this year, and yet their total net sales for the last quarter were $181 billion.

Sandisk continues to impress with its stock performance

The sharp drop to $1,779 per share for Sandisk (SN

TradFi Trading Strategies Sharing Challenge2026 World Cup Posting Challenge on HTX SquareHTX Creation Challenge — Post and Win 1,500U 💥 Bitcoin price recovers after weak U.S. jobs data eases pressure 

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Bitcoin price recovers after weak U.S. jobs data eases pressure on risk assets

Bitcoin has rebounded from an intraday low near $61,500 after weaker-than-expected U.S. labor market data strengthened expectations that the Federal Reserve could still lower interest rates later this year.

Summary

Bitcoin price rebounded from an intraday low near $61,550 after U.S. jobless claims exceeded forecasts, boosting expectations of future Federal Reserve rate cuts.

U.S. initial jobless claims rose to 225,000 last week, while first-quarter labor costs increased 1.8%, below economists’ 2.5% estimate.

Despite the recovery, Bitcoin remains below a key technical support level after confirming a bearish rounding-top pattern, with $60,000 emerging as the next major support zone.

According to data from crypto.news, Bitcoin price traded at around $63,800 at press time on June 4, recovering from an intraday low near $61,550. Despite the rebound, the bellwether remained down roughly 5% over the previous 24 hours and nearly 22% below its May peak of around $82,000.
Fresh economic figures released by the U.S. Department of Labor appeared to improve sentiment across risk assets. Initial jobless claims for the week ended May 30 rose by 13,000 to 225,000, exceeding economists’ forecasts of 215,000. The previous week’s reading was also revised higher to 212,000.

Additional labor market data pointed to easing wage pressures. The Labor Department reported that final labor costs increased 1.8% during the first quarter, below the 2.5% estimate compiled by economists. Continuing jobless claims, meanwhile, fell by 8,000 to 1.777 million for the week ended May 23.



Bitcoin price recovers after weak U.S. jobs data

TradFi Trading Strategies Sharing Challenge2026 World Cup Posting Challenge on HTX Square1$ Margin Trade Ethereum Price Prediction: $1,750 Lifeline Faces $1,600 Breakdown Risk Ethereum is testing a cr


Ethereum Price Prediction: $1,750 Lifeline Faces $1,600 Breakdown Risk
Ethereum is testing a critical support zone near $1,750 after sweeping its February lows and returning to the bottom of its multi-month range.

Analysts say $ETH must hold the $1,700-$1,800 area to avoid a deeper move toward the weekly order block near $1,600.

Ethereum Price Tests Critical Support After Sweeping February Lows
Crypto analyst Daan Crypto Trades highlighted a key support test for Ethereum ($ETH) after the asset returned to the bottom of its multi-month trading range and briefly moved below its February lows.

Ethereum Price Prediction: $1,750 Lifeline Faces $

Как мне удалить свой аккаунт?

Как мне удалить свой аккаунт?&nbsp;

VVV Surges Over 10x This Year, Is the Base Ecosystem the Last Hope for Crypto AI?

Bitcoin Correction Pushes 580,000 BTC Into Loss Territory

One Article Deconstructs the Investment Methodology of 'Stock God Serenity'

Deconstructing the Investment Methodology of the 'Stock God Serenity' in One Article

Sharplink CEO: Ethereum's Future Is Playing Out Now

Kalshi and Coinbase Receive CFTC Approval, Ushering in the Most Regulation-Friendly Era for the Crypto Industry?

Weekly Token Unlocks: HYPE Unlocks $650M Worth of Tokens

A $300 Used Mining Rig Mined a $230,000 Bitcoin Block

Over $1 Billion in Cryptocurrencies Forced to Liquidate, Bitcoin Plunges 6% Below $67,000

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