Bitcoin falls to $61,000, down more than 25% as long-term holders sell

EuroNews · 🇫🇷 public France · Jun 04, 2026 · 674 words · By Quirino Mealha

US Legislative Process Cryptocurrency Market Volatility Regulatory Conflict

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Bitcoin has fallen to its lowest level since February, dropping more than 25% this month, as long-term holders liquidate billions in holdings and efforts to advance US crypto regulation face uncertainty in Washington.

Claims checked 16

Techniques found 1

Topics 3

Coverage spectrum

Coverage gap: Low Left coverage

Left0%

Center83%

Right17%

6 sources compared across this story cluster. This is an eFinder estimate from indexed source coverage, not an editorial rating.

What happened

Why it matters

Bitcoin's slide deepened on Wednesday, with the price dropping as low as $61,300 for the first time since February, extending one of the most turbulent periods for the world's largest cryptocurrency this year.

Common ground

The price is down more than 25% from its high earlier this month and over 30% since the start of the year, making 2026 one of Bitcoin's weakest years in recent memory relative to other major risk assets.

Perspective signals

The tension in the story is sharpened by Loaded Language: language that can make the dispute feel more urgent, personal, or adversarial than the underlying facts alone.

Follow-up questions

What new context would change how readers understand this US Legislative Process story?
What evidence would most clearly confirm or weaken the claim that Bitcoin has fallen to its lowest level since February, dropping more than 25% this month?
How does this story connect US Legislative Process with Cryptocurrency Market Volatility over the next few days?

open_in_new Read the original article: https://www.euronews.com/business/2026/06/04/bitcoin-falls-to-61000-down-more-th…

psychologyPropaganda Techniques Detected

eFinder identified 1 propaganda technique in this article. These signals explain how wording, emphasis, or missing context can shape a reader's interpretation.

warning

Loaded Language 70% confidence

Using words with strong emotional connotations to influence an audience.

Found in this article: eFinder flagged this technique because the story's framing or source language may guide readers toward a particular interpretation. Review the claim checks and evidence below to separate what is directly supported from what is implied by wording or emphasis.

Why it matters: Recognizing loaded language helps readers compare the article's framing with the underlying facts and with coverage from other sources.

fact_checkClaims Checked

eFinder analyzed this article and checked 16 claims against available evidence, cross-references, web search, and Wikipedia. Here is what the fact-checking layer found.

info Single Source 6

schedule Pending 6

help Insufficient Evidence 2

check_circle Corroborated 1

cancel Disputed 1

info

Claim 1: “Bitcoin has fallen to its lowest level since February, dropping more than 25% this month”

SINGLE SOURCE

The specific claim about a 25% drop this month and lowest level since February is found in one web search result dated April 6, 2026. Other results provide general info or different dates, failing to provide the 2+ independent sources required for corroboration.

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wikipedia NEUTRAL — Bitcoin (abbreviation: BTC; sign: ₿) is the first decentralized cryptocurrency. Based on a free-market ideology, bitcoin was invented in 2008 when an unknown person published a white paper under the p…
https://en.wikipedia.org/wiki/Bitcoin

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wikipedia NEUTRAL — Bitcoin is a cryptocurrency, a digital asset that uses cryptography to control its creation and management rather than relying on central authorities. Originally designed as a medium of exchange, Bitc…
https://en.wikipedia.org/wiki/History_of_bitcoin

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wikipedia NEUTRAL — Satoshi Nakamoto (fl. 31 October 2008 – 26 April 2011) is the name used by the presumed pseudonymous person or persons who developed bitcoin, authored the bitcoin white paper, and created and deploye…
https://en.wikipedia.org/wiki/Satoshi_Nakamoto

+ 3 more evidence sources

info

Claim 2: “Bitcoin's slide deepened on Wednesday, with the price dropping as low as $61,300 for the first time since February”

SINGLE SOURCE

The specific price point of $61,300 on a Wednesday is mentioned in the context of a single report (April 6, 2026). No other independent sources confirm this specific price dip for that specific day.

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wikipedia NEUTRAL — Since 28 February 2026, the United States and Israel have been at war with Iran and its regional allies. Hostilities broke out after US–Israeli airstrikes killed several Iranian officials, including S…
https://en.wikipedia.org/wiki/2026_Iran_war

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wikipedia NEUTRAL — A cryptocurrency bubble is a phenomenon where the market increasingly considers the going price of cryptocurrency assets to be inflated against their hypothetical value. The history of cryptocurrency …
https://en.wikipedia.org/wiki/Cryptocurrency_bubble

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wikipedia NEUTRAL — Bitcoin was designed by its pseudonymous inventor, Satoshi Nakamoto, to work as a currency, but its status as a currency is disputed. Economists define money as a store of value, a medium of exchange …
https://en.wikipedia.org/wiki/Economics_of_bitcoin

+ 3 more evidence sources

check_circle

Claim 3: “Bitcoin has bounced slightly and is trading around $63,000”

CORROBORATED

Multiple independent web sources confirm Bitcoin is trading around $63,000 (one citing $63,500, another $62,000-$63,000, and another explicitly stating 'around $63,000').

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wikipedia NEUTRAL — The bitcoin protocol is the set of rules that govern the functioning of bitcoin. Its key components and principles are: a peer-to-peer decentralized network with no central oversight; the blockchain t…
https://en.wikipedia.org/wiki/Bitcoin_protocol

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+ 3 more evidence sources

schedule

Claim 4: “the Digital Asset Market Clarity Act (CLARITY Act)... is struggling to pass in the US Senate”

PENDING

This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.

schedule

Claim 5: “US Senator Cynthia Lummis, who chairs the Senate's digital assets subcommittee, writing on social media on Tuesday that lawmakers were 'closer to a functioning digital asset market structure than we have ever been'”

PENDING

This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.

schedule

Claim 6: “it must still be reconciled with a separate version from the Senate Agriculture Committee”

PENDING

This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.

schedule

Claim 7: “US Treasury Secretary Scott Bessent urged senators on Wednesday to pass the CLARITY Act before the summer recess”

PENDING

This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.

schedule

Claim 8: “The bill... won approval from the Senate Banking Committee in a narrow bipartisan vote on 14 May”

PENDING

This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.

info

Claim 9: “making 2026 one of Bitcoin's weakest years in recent memory relative to other major risk assets”

SINGLE SOURCE

The claim that 2026 is one of Bitcoin's weakest years relative to risk assets appears in the same single source as claims 0-2. Other search results for 2026 are predictions or unrelated news.

menu_book

wikipedia NEUTRAL — Bitcoin Core is free and open-source software that serves as a bitcoin node (the set of which form the Bitcoin network) and provides a bitcoin wallet which fully verifies payments. It is considered to…
https://en.wikipedia.org/wiki/Bitcoin_Core

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+ 3 more evidence sources

info

Claim 10: “In the first few days of June, these holders offloaded roughly $2.4 billion (€2.1bn)”

SINGLE SOURCE

The specific figure of $2.4 billion sold by long-term holders in early June is mentioned in one source (MarketFlick). Other results for 'long' are dictionary definitions or unrelated.

travel_explore

web search NEUTRAL — This disambiguation page lists articles associated with the title Long. If an internal link incorrectly led you here, you may wish to change the link to point directly to the intended article.
https://en.m.wikipedia.org/wiki/Long

travel_explore

web search NEUTRAL — 4 days ago · long, yearn, hanker, pine, hunger, thirst mean to have a strong desire for something. long implies a wishing with one's whole heart and often a striving to attain. yearn suggests an eager…
https://www.merriam-webster.com/dictionary/long

travel_explore

web search NEUTRAL — LONG definition: 1. continuing for a large amount of time: 2. being a distance between two points that is more than…. Learn more.
https://dictionary.cambridge.org/dictionary/english/long

info

Claim 11: “A notable portion came from investors who had bought Bitcoin above $90,000”

SINGLE SOURCE

The claim that a portion of the sell-off came from investors who bought above $90,000 is only mentioned in one source (MarketFlick).

travel_explore

web search NEUTRAL — Leader in cryptocurrency, Bitcoin, Ethereum, XRP, blockchain, DeFi, digital finance and Web 3.0 news with analysis, video and live price updates.Live updates: Bitcoin rises above $62,000 as the red ho…
https://www.coindesk.com/

travel_explore

web search NEUTRAL — Live Bitcoin price (BTC) including charts, trades and more. Create real-time notifications and alerts to follow any changes in the Bitcoin value.
https://www.investing.com/crypto/bitcoin

travel_explore

web search NEUTRAL — The price of the bitcoin cryptocurrency starts getting increasing gradually.
https://www.investopedia.com/articles/forex/121815/bitcoins-…

schedule

Claim 12: “JPMorgan CEO Jamie Dimon has been among the most vocal critics, arguing that stablecoin issuers would gain an unfair advantage if they are allowed to offer yield-bearing products without meeting the same regulatory standards as banks”

PENDING

This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.

cancel

Claim 13: “long-term holders — typically defined as investors whose Bitcoin has remained unmoved for at least 155 days — are selling aggressively after remaining largely dormant from February through April”

DISPUTED

Sources directly contradict each other. One source states long-term holders (155+ days) are selling aggressively, while two other sources claim long-term holders have reached an all-time high, signaling 'reduced sell pressure' and 'strong conviction'.

travel_explore

web search NEUTRAL — Indeed, exciting times are ahead for Bitcoin. BULLISH: Long-term Bitcoin holders have reached an all-time high, with supply held for 155+ days signaling strong conviction and reduced sell pressure. pi…
https://cryptonewsland.com/long-term-bitcoin-holders-hit/

travel_explore

web search NEUTRAL — •Long-term holders (coins unmoved for 155+ days) sold roughly $2.4 billion in early June, including investors who bought above $90,000. •Derivatives volatility rose: Volmexs 30-day implied volatility …
https://market-flick.com/articles/bitcoin-tumbles-to-about-6…

travel_explore

web search NEUTRAL — Long-term Bitcoin holders have reached an unprecedented milestone, with the supply held for over 155 days hitting an all-time high. This development signals a strong conviction among long-term investo…
https://www.ainvest.com/news/bitcoin-long-term-holders-hit-t…

help

Claim 14: “US-listed spot Bitcoin ETFs recorded their thirteenth consecutive day of outflows on Wednesday, with investors pulling a further $50 million (€43mn) from the funds”

INSUFFICIENT EVIDENCE

No evidence was found in the provided search results regarding 13 consecutive days of outflows or a specific $50 million outflow on Wednesday.

info

Claim 15: “The price is down more than 25% from its high earlier this month and over 30% since the start of the year”

SINGLE SOURCE

The specific percentages (25% from monthly high, 30% since start of year) are reported in one specific source dated April 6, 2026. No other independent sources confirm these exact figures for this period.

menu_book

+ 3 more evidence sources

help

Claim 16: “Crypto derivatives analytics company Volmex's 30-day implied volatility index BVIV climbed to 57.4, its highest reading since early April”

INSUFFICIENT EVIDENCE

No evidence was found in the provided search results regarding Volmex's BVIV index reaching 57.4.

info Disclaimer: This analysis is generated by AI and should be used as a starting point for critical thinking, not as definitive truth. Claims are verified against publicly available sources. Always consult the original article and additional sources for complete context.