Cryptocurrency posts weekly losses of over 16% as investor sentiment remains under pressure
June 5, 2026 — Bitcoin slipped below the $62,000 mark on Friday, extending a week-long sell-off that has erased more than $11,800 from the value of the world’s largest cryptocurrency.
According to the latest market data, Bitcoin traded at $61,926.12 against the US dollar, down $1,733.88, or 2.72 per cent, from Thursday’s level of $63,660.00. The decline underscores continued volatility in digital asset markets as investors remain cautious amid broader economic uncertainty.
Weekly losses deepen
Bitcoin has experienced a sharp correction over the past seven days. The cryptocurrency traded at $73,778.82 on May 30 and briefly rose to $73,845.99 on May 31 before entering a sustained downward trend.
Prices fell to $71,309.68 on June 1 and dropped sharply to $66,616.72 on June 2. The decline continued throughout the week, with Bitcoin sliding to $64,916.11 on June 3, $63,660.00 on June 4 and $61,926.12 on June 5.
Overall, the cryptocurrency has lost $11,852.70 over the past week, representing a decline of approximately 16.1 per cent.
Monthly performance remains weak
The longer-term trend remains challenging for investors. Compared with $81,349.83 recorded on May 6, Bitcoin has fallen by $19,423.71 over the past 30 days, a drop of 31.37 per cent.
The sharp decline has wiped out a significant portion of gains accumulated earlier in the year and reflects heightened volatility across cryptocurrency markets.
Annual decline approaches 64%
On a year-on-year basis, Bitcoin remains substantially lower. The digital asset traded at $101,555.33 on June 5, 2025. At its current level, Bitcoin has lost $39,629.21 over the past 12 months, representing a decline of 63.99 per cent.
Market participants say the correction highlights the risks associated with cryptocurrency investments, particularly during periods of shifting investor sentiment and global financial uncertainty.
Investors watch for signs of stability
Analysts note that cryptocurrency prices continue to be influenced by a combination of investor sentiment, regulatory developments and macroeconomic conditions.
Traders are closely monitoring whether Bitcoin can maintain support above the $60,000 threshold. A sustained break below that level could trigger additional selling pressure across the broader digital asset market, while signs of stabilisation may help restore investor confidence.
Despite recent weakness, Bitcoin remains the dominant cryptocurrency by market capitalisation and continues to attract attention from institutional and retail investors seeking exposure to digital assets.
