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Crypto/Web3News|June 3, 2026 at 08:35 PM
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Bitcoin Drops Below USD 66,000 as AI-Led Stocks Hit Records

BySTechTimes Editor|Source: Coindesk
Article summary

Bitcoin fell 6.4% over 24 hours to a low of USD 65,708, extending its weekly decline to 12.3%. Ether, Solana, BNB, Dogecoin and Tron also declined as spot bitcoin ETF outflows crossed USD 3.2 billion. The immediate test is whether bitcoin can hold the USD 65,000 area while AI-linked equity indexes remain near record highs.

Bitcoin Drops Below USD 66,000 as AI-Led Stocks Hit Records
Image source: CoinDesk

Crypto Falls While AI Stocks Climb

Bitcoin dropped below USD 66,000 on Wednesday, extending a broad crypto sell-off even as global equity markets moved near record territory.

BTC fell 6.4% over 24 hours to a low of USD 65,708 in Asian morning trading and was down 12.3% for the week.

The weakness was not limited to bitcoin.

Ether broke below USD 1,900 and reached USD 1,839, a 7.9% 24-hour decline and an 11.1% weekly drop.

Solana fell 9.0% to USD 73.25, BNB lost 7.8% to USD 636, Dogecoin slid 8.3% to USD 0.0921 and Tron declined 3.4% to USD 0.3297.

Pressure Points Around Bitcoin

The drop followed several bearish signals for the crypto market.

Strategy disclosed its first publicized bitcoin sale on Monday, spot bitcoin ETF outflows had crossed USD 3.2 billion through Tuesday, and Mt. Gox moved USD 739 million to a new wallet on Tuesday.

Bitcoin traded near USD 66,280 by Wednesday morning after touching the 24-hour low.

The day’s trading range was USD 5,200, from a high of USD 70,907 to the low of USD 65,708.

Equity Strength Highlights the Split

The market move stood out because it happened while global stocks were still climbing.

The MSCI All Country World Index reached a fresh all-time high as the AI trade continued to support equities.

The Philadelphia Semiconductor Index also rose almost 6% to a record on Tuesday, while Tokyo Electron and Taiwan Semiconductor Manufacturing reached new peaks.

That contrast matters for crypto investors because bitcoin was weakening while AI-linked equity sentiment remained strong.

S&P 500 and Nasdaq 100 futures held little changed near record levels.

The Technical Line to Watch

The immediate test is whether bitcoin can hold the USD 65,000 area.

A break below that level could bring USD 60,000 into focus, while a hold could allow a short-term rebound as leveraged positioning is cleared.

For digital-asset markets, the next signal is whether ETF outflows slow and whether bitcoin can stabilize while AI-driven equity benchmarks remain near record highs.

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