Bitcoin and Ethereum remained under pressure on June 3 as investors continued to pull back from risk assets, extending a sharp crypto market downturn driven by ETF outflows, geopolitical tensions and shifting capital toward artificial intelligence (AI)-linked stocks.

Bitcoin hovered near the low-US$70,000 range after briefly falling below US$68,000 earlier this week, while Ethereum struggled to hold above the key US$2,000 psychological level.

The world’s two largest cryptocurrencies have both started June in the red following a weak May performance.

Market sentiment has been weighed down by nearly US$3 billion in outflows from spot Bitcoin ETFs over the past 10 trading sessions, alongside broader concerns over Middle East…