Bitcoin crash wipes out billions in market rout

Anand Sinha

Wed, June 3, 2026 astatine 12:22 PM CDT 1 min read

The integer assets market, which had already been struggling for months now, is present witnessing a bloodbath aft Michael Saylor's Bitcoin (BTC) treasury steadfast Strategy (Nasdaq: MSTR) announced the merchantability of 32 BTC.

The full cryptocurrency marketplace headdress has declined from $2.57 trillion connected the announcement time connected June 1 to $2.38 trillion astatine property time. So, the crypto marketplace has mislaid $190 cardinal this month.

Bitcoin (BTC) has dropped from $73,800 to beneath $67,000 during the aforesaid period. It is the cryptocurrency's worst terms scope since February this year.

Similarly, Ethereum (ETH) has fallen from $2,000 to $1,870, and XRP from $1.34 to $1.23 this month.

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Massive liquidations deed crypto marketplace

As the marketplace began to bleed, traders rushed to liquidate their positions. In the past 24 hours, 266,158 traders got liquidated arsenic per Coinglass.

$1.50 cardinal successful agelong and $233 cardinal successful abbreviated crypto positions got liquidated during the aforesaid period.

Bitcoin ($773 million), Ether ($482 million), and Solana ($88 million) remained the astir liquidated crypto assets during the past 24 hours.

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Crypto stocks instrumentality a deed

The Strategy (Nasdaq: MSTR) banal fell lone 0.50% contiguous to commercialized astatine $135 astatine property time.

Bitmine Immersion Technologies (NYSE: BMNR), the starring Ether treasury firm, however, fell astir 4% to commercialized astatine $17.30.

The Coinbase Global (Nasdaq: COIN) banal besides fell 2.5% to commercialized astatine $169.75.

Robinhood Markets (Nasdaq: HOOD) fell astir 5% to commercialized astatine $83.90 astatine property time. The Circle Internet Group (NYSE: CRCL) banal likewise fell astir 5% to commercialized astatine $95.90.

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This communicative was primitively published by TheStreet connected Jun 3, 2026, wherever it archetypal appeared successful the MARKETS section. Add TheStreet arsenic a Preferred Source by clicking here.