$BTC June 2, 2026 Cryptocurrency Market News Summary: BTC continues to decline to around $71k, down approximately 3.47% in 24 hours, hitting a two-month low, with over $750 million liquidated across the network, and the Fear and Greed Index dropping to 31, entering the "Fear" zone. Whales and institutional actions are mostly bearish, Mt. Gox large transfer of 10,422 BTC, Strategy's first reduction of BTC holdings, and continuous net outflows from BTC and ETH ETFs. On the regulatory side, the US CFTC approves the first compliant BTC perpetual contract, and CME's around-the-clock crypto futures saw impressive capital inflows in the first week. In terms of cryptocurrencies, ETH underperforms BTC, XRP and Hyperliquid are relatively resilient, and H (Humanity) surges against the trend. Macro-wise, tensions in the Middle East are high, US debt remains elevated, and expectations for rate cuts are delayed, suppressing risk appetite.