Bitcoin Plunges Below $68,000, ETH, XRP Lose Over 2%: What Is Going On With Crypto?
Posted On June 2, 2026
Bitcoin (CRYPTO: BTC) has plummeted below $68,000 on Tuesday, while Ethereum (CRYPTO: ETH) and XRP (CRYPTO: XRP) are down 2% and 4%, respectively, continuing their weakness compared to roaring equity markets.
ETF Flow Reversal – Biggest Weakness
In its June 2026 Market Update, Wintermute research noted that market weakness comes as spot Bitcoin and Ethereum ETFs recorded roughly $2 billion in combined outflows over 10 days, marking the longest redemption streak since launch.
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