The financier warned about the risk of bitcoin falling to $ 57 thousand.

In early June, additional pressure on the cryptocurrency market was exerted by the suspension of negotiations between Iran and the United States. Against this background, oil prices rose, and investors began to get rid of risky assets. As a result, bitcoin dropped from almost $74 thousand to $59.1 thousand, and ether lost about 20%, dropping to $1.5 thousand. Andrey Loboda, an economist and member of the Mining and blockchain Technology Commission of the Finance and Investment Committee of the Chamber of Commerce and Industry of the Russian Federation, told Izvestia on June 8.

"Employment statistics in the United States showed the creation of 172,000 new jobs against the expected 85,000, which lowered expectations of an imminent easing of the Federal Reserve's monetary policy. In addition, spot cryptocurrency ETFs recorded the outflow of funds for 13 consecutive trading days, and the total amount of withdrawn capital for the month exceeded $ 5 billion," the expert explained.

An additional factor in the fall was the massive liquidation of long positions. Loboda estimates that investors lost about $5.4 billion in a week as a result of forced closing of deals.

At the same time, the expert does not consider the subsequent increase in quotations after reaching a local minimum to be a sign of a steady market recovery. In his opinion, the rise in the price of bitcoin to the region of $64 thousand was primarily due to the work of algorithmic trading systems that automatically buy back resold assets.

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The new round of tension between Iran and Israel has also not become a driver for the growth of digital assets. After the exchange of blows between the parties, the market reacted only with a short-term rebound, while the inflow of funds to cryptocurrency funds remains weak.

According to the financier, the key event for investors this week will be the data on inflation in the United States. If the indicators turn out to be higher than expected, the dollar may strengthen, and the pressure on risky assets will increase. In this case, bitcoin risks falling back to the levels of $ 57 thousand and below.

At the same time, weaker inflation and the return of funds inflows to ETFs can support the market and return the value of the first cryptocurrency to the range of $68-70 thousand. However, so far, according to the expert, the digital asset market remains primarily dependent on the Fed's policy and the behavior of large institutional investors.

The cost of bitcoin dropped below the $60 thousand mark. As of 19:20 Moscow time on June 5, the value of the cryptocurrency was estimated at $59.8 thousand. This is the lowest figure since October 2024.