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BitMart Market Daily Report (June 4)
ME News Report, June 4th (UTC+8), according to BitMart market observation on June 4th, BTC is currently around $62,792, with an intraday high of about $67,337 and a low of about $61,503; ETH is around $1,749.20, with an intraday high of about $1,887.73 and a low of about $1,730.46; SOL is approximately $68.01, with an intraday high of about $75.53 and a low of about $67.30. Overall, mainstream assets continued to face significant pressure today, with BTC falling below $63,000, ETH retreating to around $1,750, and SOL dropping to the $68 level. Market risk aversion sentiment further intensified.
BTC quickly dropped from above $67,000 to around $62,000 within the day, indicating that the previous support zone was further broken; ETH broke below $1,800 and remained weak, with short-term recovery pressure increasing; SOL's decline was more pronounced, as highly elastic assets are under more direct pressure when risk appetite shrinks. The current market shows a characteristic of mainstream assets declining simultaneously, with short-term funds mainly focusing on defense and stop-loss, as the market is still searching for new support levels.
BitMart X Insight: The latest market news shows that the Middle East situation continues to push up oil prices and inflation concerns. The US 10-year Treasury yield rose to around 4.48%-4.49%, and the US dollar also strengthened accordingly; WSJ reports that Brent crude oil remains around $97, with the market remaining sensitive to energy supply and inflation paths. In the crypto market, BTC, ETH, and SOL all fell sharply today, indicating that macro pressures are suppressing risk asset valuations and investors' willingness to chase prices. The market remains defensive in the short term.
Investors are advised to continue monitoring BTC's support near the $61,000–$63,000 range, and whether ETH can regain the $1,800 level. This article is for reference only and does not constitute any investment advice. Cryptocurrency markets are highly volatile and risky; please make rational decisions and implement personal risk management. (Source: BitMart)