Bitcoin fell sharply in early June, sliding from roughly $73,580 on June 1 toward $62,764 by June 5—a one-week drop of about 15%.

What happened

The crypto market suffered broad selling pressure during the first week of June. Bitcoin led the rout, pushing well below $63,000 before recovering modestly toward $63,040 in 24-hour trading. Ethereum, BNB, XRP, Solana, Tron, and Cardano fell between 10% and 15% in the same stretch.

Why it matters

The swift decline revives concerns about near-term crypto demand. One of the clearest stress points is institutional flow: US spot Bitcoin ETFs recorded larger outflows, with more than $4 billion leaving the funds since mid-May and roughly $1.4 billion in a single week leading into early June.

Chain-level note

Despite the price drop, on-chain data did not show the panic selling that often accompanies larger breakdowns. That does not mean the selling is over, but it suggests the move may be driven more by institutional rebalancing than a broad capitulation at the retail level.