Bitcoin Falls To $63,000 As Ethereum, XRP, Dogecoin Slide 4% On $400 Billion AI Capital Rotation
Posted On June 5, 2026
Bitcoin traded near $63,000 on Thursday as cryptocurrency markets extended their decline amid more than $1 billion in liquidations, worsening fear sentiment.
Strategy (NASDAQ:MSTR) executive chairman Michael Saylor attributed the drawdown to a $400 billion capital rotation into AI-related investments.
| Cryptocurrency | Ticker | Price |
| Bitcoin | (CRYPTO: BTC) | $63,346.75 |
| Ethereum | (CRYPTO: ETH) | $1,765.65 |
| Solana | (CRYPTO: SOL) | $68.96 |
| XRP | (CRYPTO: XRP) | $1.16 |
| Dogecoin | (CRYPTO: DOGE) | $0.08895 |
| Shiba Inu | (CRYPTO: SHIB) | $0.054985 |
Notable Statistics:
- Coinglass data shows 288,483 traders were liquidated in the past 24 hours for $1.74 billion.
- SoSoValue data shows net outflows of $396.6 million from spot Bitcoin ETFs on Tuesday. Spot Ethereum ETFs saw net outflows of $52.9 million.
- In the past 24 hours, top …
About The Author
