Money shifts into US stocks; Bitcoin steadies near $62.8K

The total crypto market capitalization stood near $2.14 trillion on Monday, down about 0.31% over 24 hours. Bitcoin traded around $62,800, off roughly 0.37% for the period.

Equities drew inflows as the S&P 500 rose about 0.3% at the start of the second week of June, directing risk capital toward US stocks and away from digital assets.

The market briefly crossed back above $2.11 trillion after a rebound from near $2.02 trillion. Market participants identified $2.11 trillion as a level to defend. A 0.618 Fibonacci retracement was noted near $1.96 trillion as a nearer-term floor.

Bitcoin remained below a $63,514 pivot derived from the January-to-May swing. A daily close above $63,514 would open room toward a $68,052 target. A break below the recent rebound start at $58,976 would expose $52,515 and then $44,285.

Bitcoin Cash fell about 7% to near $205, roughly 58% below its early-May peak near $491. The token is testing a floor close to $198 after heavy sell volume on June 3 and June 8. The Smart Money Index has diverged from price with no clear signs of accumulation. A drop below $198 would open a path to deeper losses; a recovery above $267 and $310 would indicate returning strength.

Security incidents and protocol updates affected sentiment. The Humanity Protocol token plunged about 88% after attackers drained multiple wallets, with reported losses exceeding $30 million tied to a compromised private key linked to the Humanity Foundation. Separately, Sui began public testing of confidential transfers that hide balances and transfer amounts on-chain while keeping sender, receiver and auditor access visible for compliance.

A public post by former President Trump proposing an Iran ceasefire coincided with an immediate easing of oil prices and a rise in stock markets on Monday.

Traders and analysts flagged the $2.11 trillion market-cap level and Bitcoin’s $63,514 pivot as the main points to watch for near-term direction. With equities attracting capital and no clear new catalyst, trading activity in crypto remained muted over the 24-hour period.