# Bitcoin and Solana Slide as Crypto Markets Face Correction

**Published:** 2026-06-12T20:01:00.787Z  
**Topic:** Ethereum Etf Approval  
**Sentiment:** neutral  
**Publisher:** TrendWatcher — https://www.trendwatcher.in/article/2988dab9-5abb-4805-8a4d-f0c04f72f0ac

Bitcoin and Solana dropped significantly as the crypto market cap fell to $2.25 trillion. ETF outflows and macro pressures are driving the decline.

The cryptocurrency market has undergone a significant correction, with the total market capitalization contracting from $2.53 trillion to $2.25 trillion [1]. Bitcoin is currently trading at $63,436, while Solana has slipped below $65 as investors react to a combination of leveraged liquidations, institutional outflows, and macroeconomic uncertainty [1][2].

**Key takeaways**
*   Bitcoin is down 22.3% on the month, trading at $63,436, while Solana has dropped below $65 [1][2].
*   U.S. spot Bitcoin ETFs have experienced a 13-day outflow streak, losing over $3 billion since May 20 [1].
*   Approximately $1.76 billion in leveraged positions were liquidated in 24 hours, with long positions suffering the majority of losses [1].
*   Strategy (formerly MicroStrategy) sold Bitcoin for the first time in nearly four years to fund a dividend payment [1].

## Market Cap Plunge and Liquidation Event
The recent downturn has hit major assets hard, with Bitcoin falling 22.3% over the past month and Solana dropping

## Sources
1. 24/7 Wall St. — [Crypto Crash Today: Why Bitcoin, Ethereum, XRP, and Solana Are All Down Double Digits](https://247wallst.com/investing/2026/06/04/crypto-crash-today-why-bitcoin-ethereum-xrp-and-solana-are-all-down-double-digits/)
2. Invezz — [Solana slips below $65 as weak demand and bearish signals persist](https://invezz.com/news/2026/06/10/solana-slips-below-65-as-weak-demand-and-bearish-signals-persist/)

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Cite as: TrendWatcher, "Bitcoin and Solana Slide as Crypto Markets Face Correction", https://www.trendwatcher.in/article/2988dab9-5abb-4805-8a4d-f0c04f72f0ac