Bitcoin (BTC-USD) Slides to Lowest Open Since April, Ethereum (ETH-USD) Also Falls

Bitcoin’s price dropped sharply on June 2, 2026, opening at its lowest level since April 11 as a flight from risk assets gathered pace. The cryptocurrency (BTC-USD) opened at $71,320.49, down 3.1% from the previous day, and fell further to $68,936.01 by 8:57 a.m. ET. Ethereum (ETH-USD) opened flat at $2,003.78 but slid to $1,972.99 in early trading. The decline coincides with $1.42 billion in outflows from spot Bitcoin ETFs, signaling deepening risk-off sentiment. Investors are rotating out of crypto and into higher-performing sectors such as artificial intelligence, while traditional havens like gold have held steady. The price action underscores intensifying uncertainty in digital asset markets.