Bitcoin Falls to $62,843 Extending Five-Day Losing Streak on Middle East Risk

On June 4, 2026, Bitcoin traded near $62,843 after slipping below $64,000, extending its five-day losing streak amid risk-off flows from escalating Middle East conflict. The decline follows the June 3 selloff from $66,970 that pushed the broader crypto market cap toward $2.3 trillion. Persistent drivers include 12 consecutive days of spot Bitcoin ETF outflows totaling $3.2 billion, over $1.2 billion in liquidations, renewed supply from Mt. Gox and Michael Saylor, and a Fed that has removed 2026 rate-cut expectations. Crypto equities and altcoins such as Ethereum, Solana and XRP also weakened in premarket trading.