World’s largest cryptocurrency posts modest daily gain but remains sharply lower on weekly, monthly and annual basis
June 3, 2026 — Bitcoin remained under pressure on Wednesday despite recording a modest daily gain, with the world’s largest cryptocurrency continuing to trade well below levels seen a month ago and significantly lower than its price a year earlier.
According to the latest market data, one Bitcoin was valued at $66,945.52, up $328.80, or 0.49%, from Tuesday’s closing level of $66,616.72.
Despite the daily increase, Bitcoin has experienced substantial volatility in recent trading sessions. The cryptocurrency fell from $73,346.42 on May 28 to its current level, representing a weekly decline of $6,400.90, or 8.73%.
The steepest daily drop occurred on June 2, when Bitcoin lost more than $4,690 in value, equivalent to a decline of 7.04%, highlighting the heightened volatility that has characterized the digital asset market in recent weeks.
The monthly performance paints a more challenging picture for investors. Over the past 30 days, Bitcoin has fallen from $80,071.65 to $66,945.52, resulting in a loss of $13,126.13, or 19.61%.
The prolonged decline has erased a considerable portion of the gains accumulated earlier in the year and has renewed concerns about the sustainability of cryptocurrency valuations amid uncertain market conditions.
On a year-over-year basis, Bitcoin has recorded an even steeper correction. Compared with its value of $105,810.31 on June 3, 2025, the cryptocurrency has declined by $38,864.79, representing a fall of 58.05%.
Market analysts attributed the recent weakness to profit-taking by investors, reduced risk appetite across financial markets and ongoing uncertainty surrounding the global economic outlook.
Cryptocurrency traders also pointed to broader market volatility and changing investor sentiment as factors contributing to recent price swings.
While Wednesday’s gain provided some relief after consecutive declines, market participants remained cautious as Bitcoin continued to face resistance below the psychologically important $70,000 level.
Analysts said future price movements would likely depend on investor sentiment, institutional participation, regulatory developments and broader trends in global financial markets.
