World’s largest cryptocurrency extends losing streak as weekly losses exceed $9,400 amid persistent market volatility
June 4, 2026 — Bitcoin extended its downward trend on Thursday, with the world’s largest cryptocurrency falling to $63,955.59 against the U.S. dollar as selling pressure continued across digital asset markets.
The cryptocurrency declined by $960.52, or 1.50%, from the previous day’s level, marking its sixth consecutive day of losses after reaching $73,845.99 on May 31.
The latest decline highlights continued volatility in the cryptocurrency market, where investor sentiment has remained fragile amid uncertainty surrounding the global economic outlook and broader financial market conditions.
Over the past seven days, Bitcoin has fallen from $73,382.98 on May 29 to $63,955.59, representing a decline of $9,427.39, or nearly 13%.
The sell-off intensified at the start of June, with Bitcoin recording a drop of more than 7% on June 2 alone, triggering concerns about further downside risks in the near term.
The monthly performance has been even more challenging for investors. Over the past 30 days, Bitcoin has declined by $17,153.05, or 26.82%, from $81,108.64 recorded on May 5.
The correction has erased a substantial portion of gains accumulated earlier in the year and reflects heightened risk aversion across speculative asset classes.
On a year-on-year basis, Bitcoin remains significantly lower. Compared with its value of $104,872.48 on June 4, 2025, the cryptocurrency has lost $40,916.89, representing a decline of 63.98%.
Market analysts attributed the weakness to a combination of profit-taking, shifting interest rate expectations and cautious investor sentiment amid ongoing economic uncertainty.
Despite recent declines, Bitcoin continues to attract interest from both institutional and retail investors who view the cryptocurrency as a long-term speculative and investment asset.
Traders are closely watching whether Bitcoin can maintain support above the psychologically important $60,000 level. Analysts warn that a sustained break below that threshold could trigger additional selling pressure across the broader cryptocurrency market.
Market participants said future price direction will likely depend on macroeconomic developments, investor risk appetite and broader trends in global financial markets.
