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Iran halts US-Iran talks, threatens a “total” blockade of the Strait of Hormuz; Bitcoin drops to $71,200

On June 2, Bitcoin fell to around $71,200. The Iran-backed Tasnim News Agency confirmed on Monday that Iranian negotiators will stop exchanging information with the United States through intermediaries and will push for a comprehensive closure of the Strait of Hormuz. The U.S. Central Command (CENTCOM) said that U.S. forces carried out strikes on Iranian radar sites and drone command facilities on May 30 to 31, after a U.S. MQ-1 drone was shot down in international waters. Iranian Statement and
ETH3.18%
XRP7.57%
HYPE-0.22%
MarketWhisper·06-02 01:03
Iran halts US-Iran talks, threatens a “total” blockade of the Strait of Hormuz; Bitcoin drops to $71,200

BTC edges up slightly by 0.37% in the short term: ETF inflows combined with easing sell pressure drive a rebound in the short term

From 23:30 to 23:45 (UTC) on June 1, 2026, BTC saw a modest increase of +0.37% within 15 minutes. The price range was 71,220.7 - 71,586.9 USDT, with a range of 0.51%. In June, during seasonally weak months (the average return over the past 10 years is only 0.7%), the market overall remained in a narrow range; this small positive return falls within normal fluctuation. The main driver behind this deviation is continued inflows into ETFs, providing spot buy demand. January 2026 data shows that dai
BTC5.55%
GateNews·06-01 23:48
BTC edges up slightly by 0.37% in the short term: ETF inflows combined with easing sell pressure drive a rebound in the short term

ETH drops 0.44% in 15 minutes: weak performance in May continues, compounded by ETF outflows triggering short-term selloffs

From 15:15 to 15:30 UTC on June 1, 2026, ETH saw a sharp drop of 0.44% within 15 minutes. The price fell from the $1,970 range to near $1,960, with a range of 0.53%. This short-term anomaly occurred against the backdrop of ETH’s daily chart already having dropped 2.26%, with clear pressure across the broader market. The main driver behind this anomaly was the continued weak pattern seen in May 2026. ETH’s May monthly close fell by -12.6%, breaking the prior pattern of May closing higher for two
ETH3.18%
GateNews·06-01 15:34
ETH drops 0.44% in 15 minutes: weak performance in May continues, compounded by ETF outflows triggering short-term selloffs

BTC drops sharply in 15 minutes by 0.61%: institutional funds continue to net out, triggering short-term selling pressure

From 15:15 to 15:30 (UTC) on June 1, 2026, BTC fell by 0.61% within 15 minutes. The price ranged from 71065.0 to 71533.0 USDT, with a 0.65% amplitude. The price dropped rapidly in the short term, market attention increased noticeably, and volatility intensified. The main driver behind this move is continued net outflows of institutional funds from Bitcoin ETF products. Based on data, from May 18 to 27, 2026, spot Bitcoin ETFs saw net outflows for 6 consecutive trading days totaling $1.26 billion
BTC5.55%
GateNews·06-01 15:34
BTC drops sharply in 15 minutes by 0.61%: institutional funds continue to net out, triggering short-term selling pressure