Bitcoin lost 2.5% to $62,300 and ether fell over 4% to $1,650, while $717 million in liquidations amplified losses across altcoins.

Leading cryptocurrencies extended losses on a volatile Monday, June 2022, despite the U.S. and Iran signing key agreements as part of a peace deal.

Bitcoin dropped below $63,000 on June 3, triggering over $150M in long liquidations. ETF outflows hit $4.4B over 13 days as volatility surges.