Bitcoin (BTC-USD) Slides Below $62,500, Ethereum (ETH-USD) Drops 2.4% as Mideast Tensions, Jobs Data Weigh

Bitcoin and ethereum extended their decline on Friday, June 5, 2026, as geopolitical turmoil and caution ahead of the May U.S. employment report pressured digital assets. Bitcoin (BTC-USD) opened at $63,812.18 but fell to $62,411.20 by 7:29 a.m. ET, while ethereum (ETH-USD) dropped 2.4% from Thursday’s open to $1,676.27, according to Yahoo Finance. The selloff followed Hezbollah’s rejection of an Israeli ceasefire offer, stoking regional uncertainty. Investors also awaited the monthly jobs report due later Friday, which could influence Federal Reserve policy expectations. Scott Melker, host of “The Daily Wolf,” cited multiple headwinds, including broad risk-off sentiment, as key reasons for the rapid crypto decline this week.