Bitcoin falls to $67,000, hits lowest level since April
2 June, 2026
Bitcoin falls to $67,000, hits lowest level since April
What happened: Bitcoin (BTC-USD) dropped more than 4% on Tuesday to hover near $67,000, its lowest level since early April.
What’s behind the move: The world’s largest cryptocurrency has faced multiple headwinds in recent days as sentiment has soured after major holder Strategy (MSTR) sold tokens for the first time since 2022.
On Monday, Strategy revealed it offloaded around $2.5 million of its massive $59 billion bitcoin position. The move signaled a shift away from the aggressive buy-and-hold strategy that had made the firm one of bitcoin’s biggest institutional backers and industry cheerleader.
Although the sale amounts to a fraction of Strategy’s overall holdings, the timing is noteworthy.
Spot bitcoin exchange-traded funds (ETFs) have seen outflows for an unprecedented 11 consecutive days, nearing $3.5 billion over that period, according to Bloomberg data.
What else you need to know: Crypto has seen weakness in recent sessions despite the broader S&P 500 (^GSPC) and Nasdaq Composite (^IXIC) hitting back-to-back records.
“What’s particularly surprising is that Bitcoin is falling even as the US stock market — driven by exuberance around AI — is continuing to hit new highs,” wrote Nic Puckrin, macro analyst and co-founder of Coin Bureau on Tuesday.
“This means Bitcoin is being driven more by crypto-specific sentiment, and this is close to rock bottom right now,” he added.
Other cryptocurrencies, like ether (ETH-USD) and solana (SOL-USD), also fell on Tuesday.
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