{"id":98700,"date":"2026-06-05T15:04:48","date_gmt":"2026-06-05T15:04:48","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=98700"},"modified":"2026-06-05T15:04:48","modified_gmt":"2026-06-05T15:04:48","slug":"bitcoin-crumbles-toward-60k-strategy-sold-btc-zcash-faces-critical-vulnerability-weekly-crypto-recap","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=98700","title":{"rendered":"Bitcoin Crumbles Toward $60K, Strategy Sold BTC, Zcash Faces Critical Vulnerability: Weekly Crypto Recap"},"content":{"rendered":"
\n

It was quite the week for the cryptocurrency markets, dominated to a very large extent by the bears. Here\u2019s the breakdown.<\/p>\n

The previous weekend was quite sluggish, although BTC had already declined<\/a> to $74,000 from the May top of almost $83,000. However, the worst was yet to take place. As the new business week and month began on Monday, bitcoin experienced a quick and painful decline. It first dumped toward $70,000, and even though that psychological level held the first breakdown attempt, it eventually gave in, and the landscape quickly worsened.<\/p>\n

The cryptocurrency kept losing key support levels one after the other, and each bounce-off attempt was halted in its tracks. The bears appear to be in full control, even today on Friday. Earlier today, BTC dipped below $62,000 again and slipped to $61,000. It rebounded to $63,000 within minutes, which only increased<\/a> the liquidations across the board, only to be rejected again.<\/p>\n

The latest leg down transpired minutes ago when the asset slumped below $61,000 to chart a fresh four-month low. Thus, the cryptocurrency has lost well over $20,000<\/a> since its mid-May top as it now struggles to remain above the coveted $60,000 support.<\/p>\n

The weekly decline is quite obvious and striking. BTC has plummeted by 15% since this time last Friday, and by a whopping 26% monthly. Its market cap has shed over $400 billion in weeks and is down to $1.2 trillion on CG. Even its dominance over the alts took a hit<\/a>, even though many have charted similar or even worse declines.<\/p>\n

Some of the notable examples include ADA, which is down by over 30% following Charles Hoskinson\u2019s decision to take a break<\/a>, and Zcash\u2019s 41% drop after some technical vulnerabilities were uncovered<\/a> earlier.<\/p>\n

Market Data<\/h2>\n

Market Cap: $2.18T | 24H Vol: $138B | BTC Dominance: 55.7%<\/p>\n

BTC: $60,650 (-15.5%) | ETH: $1,600 (-17%) | XRP: $1.11 (-14%)<\/p>\n

\"Cryptocurrency<\/a>
Cryptocurrency Market Overview Weekly June 5. Source: QuantifyCrypto<\/figcaption><\/figure>\n

This Week\u2019s Crypto Headlines You Can\u2019t Miss<\/h2>\n

Strategy Sold Bitcoin, But It\u2019s Not What You May Think<\/strong>. Bitcoin\u2019s big troubles began shortly after Strategy announced<\/a> its first sale in years. Although it disposed of a very tiny portion of its BTC holdings, it still triggered a community reaction and perhaps led to a significant worsening in the overall market sentiment.<\/p>\n

Peter Schiff Warns Bitcoin Could Plunge Below $20K as Complacency Sets In<\/strong>. In an entirely expected comment on X, Peter Schiff took advantage of BTC\u2019s price crash and predicted<\/a> an even bigger calamity to $20,000 if the $50,000 support is lost.<\/p>\n

Strive Doubles Down on Bitcoin With $185M Buy, Holdings Near 19,000 BTC<\/strong>. Unlike Strategy, Strive made its first purchase in a long time, expanding<\/a> its holdings to almost 19,000 BTC after a substantial $185 million accumulation of the asset.<\/p>\n

Arthur Hayes Dumps Entire Zcash (ZEC) Position After Major Flaw Emerges<\/strong>. Shortly after the news of Zcash\u2019s issues went viral on X, Arthur Hayes, who had been supporting the project for a while, said he had disposed of<\/a> his entire ZEC position, citing a lot of uncertainty.<\/p>\n

Cardano (ADA) Faces Make-or-Break Moment as Social Buzz and Network Activity Explode<\/strong>. Hoskinson\u2019s break, combined with ADA\u2019s massive price calamity, led to a significant increase<\/a> for Cardano, with the social media activity going wild.<\/p>\n

Ethereum Crashing to 14-Month Low Is a \u2018Screaming Buy-The-Dip Opportunity\u2019 \u2013 Analyst<\/strong>. ETH was not spared by the overall market crash, dumping to consecutive 14-month lows at under $1,800 and then to $1,600. Some analysts, though, believe this could be a proper buy-the-dip opportunity.<\/p>\n

Charts<\/h2>\n

This week, we have a chart analysis of Ethereum, Ripple, Cardano, Binance Coin, and Hyperliquid \u2013\u00a0click here for the complete price analysis<\/a>.<\/p>\n

The post Bitcoin Crumbles Toward $60K, Strategy Sold BTC, Zcash Faces Critical Vulnerability: Weekly Crypto Recap<\/a> appeared first on CryptoPotato<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

It was quite the week for the cryptocurrency markets, dominated to a very large extent by the bears. Here\u2019s the breakdown. The previous weekend was quite sluggish, although BTC had already declined to $74,000 from the May top of almost $83,000. However, the worst was yet to take place. As the new business week and […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-98700","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/98700","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=98700"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/98700\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=98700"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=98700"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=98700"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}