Crypto Radar — June 02, 2026: BTC Falls to US$ 67.5K

Crypto Radar — Tuesday, 02/06/2026: BTC Tests US$ 67K in Extreme Fear

The crypto market intensifies correction this Tuesday, 02/06/2026, with Bitcoin plummeting to US$ 67.512 (-4.9% in 24h) and testing critical support levels for the first time since March. With Fear & Greed at just 23 points — extreme fear territory — and BTC RSI at 19.20, the technical scenario screams oversold, but the structure still does not signal a definitive reversal.

Ethereum follows the movement, quoted at US$ 1.898 (-4.7%), while global market cap plummets to US$ 2.33 trillion. Bitcoin dominance rises to 58.1%, confirming the flight-to-quality within the crypto sector itself.

Macro Scenario: Pressure on All Fronts

U.S. sanctions against Iranian exchanges, reported by CoinDesk, add another layer of regulatory uncertainty to an already tense environment. Meanwhile, the prospect of a "turbulent summer" for Bitcoin gains traction as capital migrates to AI stocks, according to K33 analysis.

Fundstrat's Tom Lee projects ETH at US$ 250,000 — an audacious target considering corporate validators assuming control of the network. But in the short term, reality is harsh: BTC is 13% below the SMA20 and ETH breaks weekly support levels.

Bitcoin: RSI in Capitulation Territory

With RSI(14) at 19.20, Bitcoin reaches extreme oversold levels not seen since the 2022 crashes. The weekly support at US$ 67.506 is being tested for the first time, while all major moving averages point downward: SMA20 at US$ 75.709, SMA50 at US$ 77.106.

The technical death cross deepens, with SMA50 now 2.7% below SMA200. Volume increases as volatility explodes — a sign that big players are positioning themselves, but it's still unclear which side.

The next relevant support is at US$ 65.000, a psychological zone that coincides with the volume control point of the last 90 days. A break below that opens the path to US$ 62.000.

Ethereum: Validation of the Descending Channel

ETH confirms the break of support at US$ 1.950 and now tests US$ 1.899 — exactly the 30-day floor. RSI(14) at 23.70 indicates oversold, but less extreme than Bitcoin.

The bearish structure is more pronounced in ETH, with SMA50 impressively 10.3% below SMA200. The Coinbase announcement about Ethena investment does generate positive noise, but insufficient to reverse the selling momentum.

Immediate resistance at US$ 2.023 needs to be reclaimed to invalidate the descending channel. Otherwise, the next target is US$ 1.750.

Today's Movements: Extreme Contrasts

While the overall market plummets, some tokens swim against the current. LIT surges +21.2%, ONDO rises +13.6% and ZEC advances +12.3% — movements suggesting specific sector rotation, not broad reversal.

On the opposite side, SIREN plummets -12.5%, XLM falls -10% and APT retreats -9.4%, confirming that the selloff is widespread among mid-cap altcoins.

Stablecoin Rates

Technical Outlook: Setup for Bounce or More Pain?

The data screams oversold on practically all metrics. Bitcoin RSI at 19.20 historically marks short-term bottoms. Fear & Greed at 23 points suggests panic is near its peak.

But structure is still bearish. SMA50 below SMA200 in both BTC and ETH. Selling volume growing. And fundamentally, the macro narrative remains challenging with capital migrating to technology stocks.

Bitwise's movement projecting "fair value" of US$ 224.000 for Bitcoin should fears about sovereign debt deepen is interesting, but at present we are far from that reality.

What to Watch Tomorrow

• Test of the US$ 67.000 support on Bitcoin — hold or break defines next targets
• RSI behavior: bounce above 25 or further deterioration
• Institutional volume: absorption at current levels or more distribution
• Correlation with traditional markets after American opening
• Stablecoin movements: USDT/USDC inflows may anticipate bounce

Also read on ON3X: "Crypto Radar — June 01, 2026: BTC Falls to US$ 71.0K" for context of recent deterioration.