In this video: What the crash in bitcoin means now (and for rest of 2026). We explain what the recent drop in bitcoin means in combination with Etherteum, and discuss this with analyst Manuel Blay. Could bitcoin bounce or see a bigger drop this year? Video by Alessio Rastani.
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As of June 7, 2026, Bitcoin (BTC) is trading at approximately $62,106 USD (equivalent to €54,175 EUR), mounting a minor 2% daily recovery after hitting a multi-month low near $60,000.
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-The "Massive Price Crash": Bitcoin dropped roughly 15% this past week, wiping out over $200 billion in market value. This marks BTC's steepest weekly decline since the FTX collapse in late 2022.
-The AI and IPO Capital Drain: Institutional funds are noticeably rotating out of Bitcoin spot ETFs and relocating into booming AI, megacap semiconductor stocks, and heavily anticipated mega-IPOs like SpaceX.
-MicroStrategy Discloses First Sale: In a historic shift that shook short-term market confidence, Michael Saylor’s MicroStrategy disclosed selling a portion of its Bitcoin holdings for the first time since 2022.
-Macroeconomic Pressure: A blowout U.S. jobs report has vastly exceeded forecasts. This sets a hawkish stage for upcoming Federal Reserve interest rate hikes, heavily weighing on speculative and risk-on assets.
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