Bitcoin steadies at $67,000, faces critical juncture after sliding 9.5% in seven days
Key takeaways
- The recovery does little to mask a 9.5% weekly decline as U.S.
- The largest cryptocurrency traded recently near $67,000, firmly in the middle of a range that persisted between February and April after a failed breakout attempt above $81,000 last month.
- If bitcoin tumbles below $60,000 it would probably trigger a wave of liquidations and a possible slide to as low as $54,000, a level of support dating back to both 2024 and 2021.
The recovery does little to mask a 9.5% weekly decline as U.S. stocks hit records highs, AI tokens rally and Coinbase's Ethena deal steals the spotlight.By Oliver Knight, Omkar Godbole|Edited by Sheldon Reback Jun 3, 2026, 10:41 a.m. 3 min read Make preferred on Bitcoin price (Coin Desk Data)What to know: Bitcoin's 0.7% recovery on Wednesday does little to paper over a 9.5% seven-day decline, leaving it back in the range it traded between February and April even as U.S. stocks push to record highs.Ethena (ENA) surged more than 20% in 24 hours after Coinbase announced it will integrate some of the platform's features into a new savings product for its 100 million users.Altcoin Season indicator hit 53/100, its highest since early March, though Humanity Protocol (H) served as a timely reminder of the risks, losing a quarter of its value in 24 hours as profit-taking set in following a 200% weekly rally.Bitcoin BTC$67,132.15 recovered 0.7% on Wednesday, but remains at a crucial crossroads after a 9.5% decline since Sunday.
The largest cryptocurrency traded recently near $67,000, firmly in the middle of a range that persisted between February and April after a failed breakout attempt above $81,000 last month.
If bitcoin tumbles below $60,000 it would probably trigger a wave of liquidations and a possible slide to as low as $54,000, a level of support dating back to both 2024 and 2021.