Bitcoin started June by trading near the $73,500 mark on Monday as ETF outflows crossed $2 billion and geopolitical risks intensified. The cryptocurrency was trading at the $73,080 level.In the past 24 hours, Bitcoin and Ethereum fell 1% and 2% respectively. Among the major altcoins, BNB, XRP, Solana, Dogecoin and Cardano corrected up to 5.5% whereas Tron and Hyperliquid were up 1% and 6% respectively.Also Read | International funds top return charts, but overseas investment limits persist. Should you continue SIPs or explore alternatives? Crypto TrackerTOP COINS (₹) 95 (-0.03%)6,930,042 (-1.22%)124 (-1.89%)188,538 (-1.94%)65,504 (-4.77%)Akshat Siddhant, Lead quant analyst, Mudrex said Bitcoin has entered June trading near the $73,500 level as markets digest a mix of institutional outflows and geopolitical uncertainty. The Spot Bitcoin ETFs have recorded more than $2 billion in outflows over the past 10 trading days, reversing much of the momentum built earlier in May.Siddhant further said that this institutional retreat coincides with heightened geopolitical uncertainty regarding the U.S.–Iran diplomatic relations and the aftermath of a $1 billion liquidation event. The market participants are now focused on a narrow range to determine the monthly trend.The global crypto market capitalisation edged down 1% to $2.48 trillion, according to CoinMarketCap.Bitcoin begins the monthly cycle, trading within a consolidation zone around $74,000 as bulls and bears build strength ahead of the next price action, said CoinDCX Research Team.CoinSwitch Markets Desk said that Bitcoin traded below $73K while US stocks continued making new highs, showing that crypto is not yet benefiting from the broader markets. Bitcoin needs a move back above $77K before momentum can turn constructive again. ETF flows remain a concern, with US spot Bitcoin ETFs seeing near $3B in outflows since May 15. Upcoming US jobs and PMI data may decide the next direction, CoinSwitch Markets Desk further said.In the past week, Bitcoin and Ethereum fell 5.5% and 6% respectively. Among the major altcoins, XRP, Solana, Tron, Dogecoin and Cardano corrected up to 5.34% whereas BNB and Hyperliquid were up 5% and 17% respectively.Vikram Subburaj, CEO, Giottus said Bitcoin entered June near $73,500, but the price level alone does not explain the market. The more important signal is that the May rally failed above $82,000 and then lost support from the same institutional channel that had powered earlier gains. Subburaj further said that macro data will decide whether June opens with relief or another leg of caution. The US jobs report on June 5, the May CPI print on June 10, and the Federal Reserve meeting on June 16-17 will shape expectations on rates, yields, and liquidity.Also Read | Smallcap valuations turn favourable as correction creates fresh opportunities: Bajaj Finserv AMC Market perspectiveAvinash Shekhar, Co-Founder & CEO, Pi42 The crypto market entered June on a cautious note, with Bitcoin currently trading around the $73,900 mark as institutional capital continues to rotate out of major digital asset investment products. WazirX market’s desk Global markets ended the week on a strong note, with US stocks hitting fresh all-time highs as easing geopolitical tensions and progress toward a US-Iran ceasefire boosted investor sentiment. However, Bitcoin is yet to benefit from the risk-on environment. Rising bond yields, persistent inflation concerns, and nearly $3 billion in spot Bitcoin ETF outflows over the last 10 days continue to weigh on market sentiment.Riya Sehgal, Research Analyst, Delta Exchange The broader crypto market has turned cautious, with market capitalization slipping around 0.5% to nearly $2.48 trillion as Bitcoin-led weakness, ETF outflows, and macro uncertainty continue to weigh on risk appetite.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)If you have any mutual fund queries, message on ET Mutual Funds on Facebook/Twitter. We will get it answered by our panel of experts. Do share your questions on ETMFqueries@timesinternet.in along with your age, risk profile, and Twitter handle.