On June 4, 2026, a sharp crypto sell-off pushed Ethereum (ETH) out of the top 100 global assets by market capitalization. According to data from InfiniteMarketCap, ETH slid five positions to rank 104th, with a market cap of roughly $212.3 billion. Bitcoin (BTC) also lost ground, falling to 16th place after being overtaken by the Vanguard S&P 500 ETF (VOO).
Broader market data reinforced the bearish mood. The total crypto market capitalization dropped 1.98% to $2.24 trillion, while the Crypto Fear & Greed Index plunged to 21 — firmly in “Fear” territory. BTC was changing hands at $62,516 at one point, down 6.94% in 24 hours, and later around $64,435, a 2.90% decline. ETH traded between $1,752 and $1,807.50, losing 6.87% to 1.80% over the same period. DeFi total value locked slipped 2.42% to $73.539 billion.
The sell-off appears driven by macroeconomic pressures, including interest rate uncertainty and tightening liquidity, rather than project-specific failures. Ethereum’s fall from the top 100 — a sharp contrast to its November 2021 peak near $4,878 — underscores the market’s volatility. Amid the declines, BitMine filed for a $300 million preferred stock offering to fund ETH accumulation, a move that could signal institutional interest at lower prices.
