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Market Pulse

Bitcoin’s Worst Week Since FTX Raises The Question: Is The Bottom Already In?

BTC opened the week around $73,760, briefly pushed as high as $74,092, and then fell to a low of about $59,130, according to data from Trading View

OttoTrader publishedJun 7, 2026, 2:08 PM

Original source timeJun 7, 2026, 2:00 PM

UpdatedJun 7, 2026, 2:08 PM

Source publicationNewsBTC

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Brief context

The part worth checking first.

What changed

The setup

BTC opened the week around $73,760, briefly pushed as high as $74,092, and then fell to a low of about $59,130, according to data from Trading View Bitcoin closed the week of June 5, 2026 down by almost 20%, its highest single-week percentage decline since the collapse of FTX in November 2022 1% from the high to the low, making it Bitcoin’s worst weekly percentage drop since the FTX crash in 2022, when the price fell by roughly 22% in a single week

Why it matters

Trader relevance

Regulatory risk around BTC and XRP can change volatility, liquidity, or sentiment. The concrete detail to watch is BTC opened the week around $73,760, briefly pushed as high as $74,092, and then fell to a low of about $59,130, according to data from Trading View

Trading lens

How to use it

Use this as defensive context from newsbtc.com. Watch whether bitcoin closed the week of June 5, 2026 down by almost 20%, its highest single-week percentage decline since the collapse of FTX in November 2022 confirms momentum, invalidates active bias, or changes timing.

Assets

BTC XRP

Themes

Regulation

Source: NewsBTC on newsbtc.com.

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