Bitcoin abruptly crashes to $65,000 for the first time since February

CryptopolitanJun 2, 2026 7:15 PM

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Bitcoin fell below $66,000 on Tuesday, hitting its lowest level since early April as traders reacted to Strategy’s Bitcoin sale, ETF outflows, and NEW Mt. Gox wallet movement.
Strategy sold 32 BTC between May 26 and May 31 for about $2.5 million, with the money going toward distributions on its STRC preferred stock.
U.S. stocks recovered, with the S&P 500 climbing to a record high near $69 trillion, while the Dow also touched a new intraday peak and chip stocks jumped.

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