Crypto prices stayed weak on June 5, with total market capitalization falling to $2.18 trillion, down 2.69% over 24 hours. The Fear and Greed Index stood at 18, deep in Extreme Fear territory. Bitcoin dominance climbed to 58.02%, a sign that capital was rotating toward relative safety. The source also noted that Bitcoin needs to hold above $62,000 to avoid a retest of yearly lows.
ZEC leads the selloff after Orchard vulnerability disclosure
Zcash was the biggest loser in the day’s market breakdown. On June 5, 2026, developers disclosed a critical vulnerability in the Orchard shielded pool, a flaw that had reportedly been present in the code since 2022. According to the report, the bug could have allowed unlimited counterfeit ZEC to be minted without detection. The NU6.2 upgrade was released as a patch, but confidence broke quickly. ZEC fell from $609.23 to $393.44 within 24 hours, a drop of about 34%. Its market cap was listed at $6.57 billion, with a CMC rank of 13.
The source added that BitMEX co-founder Arthur Hayes publicly exited his full ZEC position and said the trade was over. BitForex founder Garrett Jin was reported to have made $13.5 million from a short during the crash. The more serious issue for traders is that past exploitation cannot be cryptographically ruled out, leaving the community unable to confirm whether the flaw had ever been used before the disclosure.
ADA and ENA slide on separate pressure points
Cardano’s ADA dropped 16% to $0.1677, after reaching a 24-hour high of $0.1989. Its market cap stood at $6.08 billion, ranking 15th on CoinMarketCap. The report said founder Charles Hoskinson is stepping back from public engagement and warned about a coming wave of failures across Cardano DeFi. That statement hit sentiment. At the same time, TapTools, a Cardano analytics platform with more than 1 million users, confirmed it is shutting down due to unsustainable costs. ADA is now testing $0.162 support, with $0.158 named as the next level below it.
Ethena’s ENA lost 17.59%, trading at $0.08805 with a market cap of $818.35 million and a CMC rank of 85. That move came despite positive news earlier in the week tied to Coinbase. Coinbase Ventures had publicly bought ENA and announced plans to bring Ethena’s USDe savings product to more than 100 million users. Even so, a wallet linked to Multicoin Capital moved 56.11 million ENA to institutional custodians Galaxy Digital and BitGo, which unsettled the market. The source said ENA needs to hold $0.085 to avoid retesting yearly lows.
BEAT, DEXE and SIREN stand out on the upside
On the gainers side, Audiera’s BEAT rose 18.08% to $1.59, with a 24-hour high of $1.63 and a market cap of $463.93 million. The report attributed the move to a breakout above a multi-week descending resistance trendline, which was followed by a 26.56% increase in trading volume. Social momentum from the CoinEx Creator Program was also cited. The token held up even with a scheduled $25 million unlock this week. If it stays above the $1.39 to $1.41 zone, the next resistance area highlighted in the source is $1.60 to $1.80.
DEXE gained 15% to $20.62, after touching $21.44 during the day. Its market cap was listed at $1.72 billion, with a CMC rank of 40. The source described the move as an extension of a four-week run, driven by a technical breakout above a key resistance area and short liquidations. Last week, the token had already cleared $16 resistance. The current range in focus is $20 to $24, while $20.74 is the support level to watch.
SIREN added 11.44% to trade at $0.7388, with a 24-hour high of $0.8014, a market cap of $536.95 million, and a CMC rank of 79. Over seven days, it was up 60.09%. The source did not point to one breaking catalyst, but said capital was rotating into selected smaller tokens during the market dip. The next resistance level mentioned was $0.80.
Across the broader market, altcoins were still under pressure and only a handful of tokens managed to break away from the trend on token-specific news or chart setups. The next items on watch from the source are Bitcoin at $62,000, ZEC’s supply verification upgrade and community response, Cardano governance decisions on treasury deployment, and ENA’s price reaction as the Coinbase savings product launch gets closer.