On the evening of June 1, 2026, the price of Bitcoin sharply declined, reaching a minimum value of $71,389. The drop occurred against the backdrop of rising geopolitical tensions in the Middle East and the first recorded sale of Bitcoins by the company Strategy.
This is reported by Business • Media
“On the evening of June 1, Bitcoin briefly fell to $71,389.”
After the sharp decrease in Bitcoin’s value, most other leading cryptocurrencies also demonstrated price declines. However, some assets, particularly Hyperliquid (HYPE), managed to remain in positive territory and even maintained daily growth.
According to TradingView, at the time of preparing this material, Bitcoin was trading at $71,636, which is 2.7% lower than the previous day. Significant pressure on the market was caused by several factors: corporate cryptocurrency sales, escalating international relations, and rising energy resource prices.
Market Reaction and Key Indicators
The Bitcoin crash triggered widespread sell-offs among market leaders. However, according to CryptoRank, some crypto assets remained resilient to negative trends.
In the last 24 hours, the total liquidation volume in the futures market exceeded $530 million, with the majority of the share coming from long positions. The largest losses were recorded for Bitcoin and Ethereum.
The fear and greed index dropped another four points over the day, remaining in the “orange” zone, indicating increased uncertainty among investors.
Impact of Corporate Actions and Geopolitics
The company Strategy, the largest corporate holder of Bitcoins, made its first sale of part of its assets. According to the submitted Form 8-K to the SEC, 32 BTC were sold between May 26 and May 31 for approximately $2.5 million at an average price of $77,135. The company’s management had previously warned about the possibility of such a move, explaining it with strategic considerations; however, the very fact of the sale could negatively affect market participants’ sentiment.
At the same time, the Iranian state agency Tasnim reported the suspension of negotiations between Tehran and Washington due to violations of the ceasefire and aggressive actions by Israel towards Lebanon. Iran also announced a renewed blockade of the Strait of Hormuz and is considering the possibility of military actions in the Bab-el-Mandeb Strait area.
Meanwhile, U.S. President Donald Trump stated that the parties are close to signing a mutually beneficial agreement, which, according to him, will be extremely advantageous for America.
Amid the escalation of the situation, prices for Brent crude oil rose by 6.8%, while WTI increased by nearly 8%, further impacting the dynamics of the crypto market.