Here's the Bitcoin update for today, June 7, 2026:

Current Price: ~$60,000–$61,900

Bitcoin is trading around $60,339, with a market cap of approximately $1.22 trillion and a total supply of ~20 million BTC in circulation.

📉 Recent Performance

BTC recently fell below $70,000 after failing to hold support near $74,000. On June 4, it was trading around $64,100, with an intraday low near $61,500 — pushing BTC more than 51% below its October 2025 all-time high of ~$126,200.

Over the past 7 days, BTC has fallen roughly 15%, and over the last month it's down about 23%.

📰 Key News

U.S. spot Bitcoin ETFs ended a 13-session outflow streak, pulling in a net $3.05 million on Thursday after roughly $4.4 billion in total outflows over those sessions.

Strategy (formerly MicroStrategy) shares fell to a 4-month low as Bitcoin sank under $60K, with Grayscale noting that Strategy's ability to accumulate more BTC is limited at current share prices.

Whale activity remains notable on June 6, nearly 1,866 BTC (~$113.8M) was transferred between unknown wallets, and 990 BTC moved to Kraken.

⚠️ Outlook

The market sentiment is currently bearish, with analysts divided. Some technical analysts warn of further downside, while long-term forecasters remain bullish for later in 2026. As always, crypto carries high risk this is not financial advice.