Monat: Juni 2026

• Bitcoin price has dipped to under $70,000 for the first time since early April.
• Negative triggers include ETF outflows, corporate sales, and large on‑chain transfers.
• With macro and geopolitical volatility persisting, bulls may struggle to reclaim recent highs.

Bitcoin price dipped below the $70,000 mark early Tuesday, slumping more than 4% in the past 24 hours amid rising negative sentiment across the crypto market.

The losses intensified after Monday’s slide, which was due to fresh capital flight from exchange-traded funds and a market reaction to Strategy’s BTC sale.

Bitcoin dips under $70k amid $4 billion ETF outflows

Bitcoin’s retreat beneath $70,000 on Tuesday marks a notable deterioration in market confidence after the cryptocurrency reached intraday highs above $82,800 in April.

Since then, Bitcoin has struggled to recapture momentum amid a confluence of macroeconomic and geopolitical headwinds, including volatility in risk assets tied to the US‑Iran conflict.

The bellwether token dropped to about $71,300 on Monday before extending losses to dip below $70,000.

Per CoinMarketCap, the benchmark digital asset touched lows of $69,300 across major crypto exchanges. The intraday lows mark levels not seen in nearly two months.

Market analysts have pointed to accelerated institutional outflows as a key driver.

According to SosoValue data, spot Bitcoin ETFs have recorded more than $2.43 billion in outflows over the past month, with roughly $483 million withdrawn on Monday alone.

Those flows contributed to a weekly streak that pushed total spot ETF redemptions above $1 billion, and aggregate outflows have now surpassed the $4 billion threshold since May 11, 2026.

The sustained withdrawals have heightened selling pressure and reduced the speed of any recovery.

Why else did Bitcoin price dump?

Compounding concerns, corporate and on‑chain moves are drawing attention.

Strategy, previously the largest corporate holder of Bitcoin, sold 32 BTC in May, prompting market participants to reassess supply-side risk.

On Tuesday, on‑chain monitoring showed Mt. Gox transferred 10,306 BTC, worth more than $731 million, to new addresses.

BREAKING: Mt. Gox just transferred 10,306 $BTC($731M) to a new wallet!https://t.co/toejNooaei pic.twitter.com/HzWU9REWCw

— Lookonchain (@lookonchain) June 2, 2026

CryptoQuant analysts observed that similar transfers have historically accompanied creditor repayments and distribution preparation and “did not lead to immediate selling pressure,” but the timing amid heavy ETF outflows amplified unease across trading desks.

BTC price outlook – is a deeper crash next?

From a price action point of view, it’s possible that the recent weakness exposes bulls to the risk of an extended slide. Currently, the coin is testing the 200-week EMA, below which a deeper crash could follow.

Notably, Bitcoin has lost over 12% in the past month, and a breach below the $65,000 zone would reopen March 2026 lows.

BTC dropped to $64,955 in March, and fear will likely trigger further short‑term liquidation events.

Conversely, a reclaim of key intraday support around $71,500 would be required to shift momentum back to buyers and set targets near $75,000 and $77,500. The 100-week EMA currently sits around $81,830.

The post Bitcoin crashes below $70K as ETF exodus and Mt. Gox fears intensify appeared first on CoinJournal.

• Toncoin price jumped as Bitcoin revisited support below $72,000.
• Bulls took advantage of Telegram-related news of a rebrand to GRAM token to push TON above $2.27.
• If buyers dominate, Toncoin could edge past $3.00 next.

Toncoin rose by nearly 20% and touched highs of $2.27 on Monday, June 1, as traders digested a surprise rebrand announcement from Telegram’s founder.

The gains for TON came even as Bitcoin and major altcoins fell sharply amid institutional capital outflows.

BTC slid to lows near $71,380 after news that Strategy had sold 32 BTC, its first sale since 2022.

Toncoin’s uptick signalled persistent market interest in the Telegram-backed TON blockchain despite broader market weakness.

Toncoin price gains amid GRAM rebrand news

Double-digit gains in TON’s price followed an announcement that the native token of the TON blockchain will be rebranded from Toncoin to “Gram.”

The move, expected to be completed over the next three weeks, will restore a name Telegram had previously abandoned under regulatory pressure from the US Securities and Exchange Commission.

“Gram was the original name of TON’s currency in the first white paper,” Durov wrote. “We’re returning to our roots — and starting a new chapter. This rebranding will pave the way for what comes next.”

The rebrand is part of a “Make TON Great Again” roadmap the company recently published, which includes deeper operational involvement by Telegram.

As part of that plan, Telegram disclosed its intent to become TON’s primary validator.

Investors view this as a shift that could materially affect network security and on-chain activity.

A community vote on the move is live.

Toncoin (TON) -> Gram (GRAM)

Community vote is live.

Since Telegram took a leading role in TON’s development, the chain got 10× faster, fees 6× lower.

And now Telegram proposes one more change: renaming Toncoin to Gram – the name from the original TON White Paper that never…

— TON 💎 (@ton_blockchain) June 1, 2026

As was the case then, Toncoin price rose on Monday as market participants reacted to the rebrand news.

Many see this as a signal of renewed institutional and consumer alignment between Telegram’s user base and TON’s native token.

Telegram serves more than 950 million users worldwide; tying the token more directly to the platform increases the potential utility and distribution vectors for Gram, from in-app payments to token-based services and developer integrations.

Traders interpreted the announcement as positive for token demand, prompting the swift price appreciation even as macro-driven selling pressured broader crypto markets.

Toncoin price outlook: Is a new all-time high next?

Technically, TON’s daily chart shows bullish momentum but with caveats.

The relative strength index (RSI) on the weekly timeframe has climbed to 57, indicating strong buying pressure but approaching overbought territory.

The MACD histogram remains positive, with the MACD line above the signal line, suggesting trend continuation in the short term.

These indicators together point to momentum that could extend the rally while warning that a pullback or consolidation is possible if momentum exhausts.

Key levels to watch

If TON holds above the $2.10 support established during Monday’s session, the next near-term resistance zone sits around $3.00.

As the chart shows, this is a level above which bulls could target traction towards $3.70 (100SMA) and then $6.00. TON’s all-time high is above $8.

On the downside, a decisive breakdown below $2.00 would increase the likelihood of a deeper retracement.

If bears breach lower support levels, losing $1.90 could significantly impact the probability of an immediate push toward previous highs.

Given broader market volatility and ongoing institutional flows, traders should monitor on-chain activity and Telegram’s next operational moves for confirmation that the rebrand materially increases utility and adoption.

The post Toncoin price soars as Telegram eyes TON’s rebrand to GRAM appeared first on CoinJournal.