Daily Market BriefJun 2, 2026

Daily Market Brief 260602

Profile Peter
Peter Chung
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Nicholas Koh
  • $BTC dropped below $72,000 amid renewed U.S.–Iran tensions and stalled talks. As of now $BTC is trading at $71,398 and $ETH is trading at $2,006. Bitcoin dominance stands at 59.17%.

  • Strategy sold 32 $BTC for about $2.5M to fund STRC preferred-stock distributions, its first standalone disclosed net Bitcoin sale since 2022. The sale was small relative to its 843,706 $BTC treasury, but marks a notable shift for the largest corporate Bitcoin holder.

  • A few other headlines include: Binance launched access to 7,000+ U.S. stocks and ETFs, Japan’s LDP proposed a crypto ETF framework and support for yen stablecoins, and Grayscale filed an amended S-1 for its Hyperliquid Staking ETF with a proposed $HYPG ticker.

  • During the last 24 hours, the top three gainers were $LAB, $H, and $PIEVERSE, while the top three losers were $EDGE, $HASH, and $LUNC.

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