Bitcoin plunges below $66,000 as global stocks, AI trades hit fresh records

Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email Bitcoin plunges below $66,000 as global stocks, AI trades hit fresh records BTC plunged 6.4% to a 24-hour low of $65,708 and ether broke below $1,900 in Asian trading on Wednesday, just hours after the MSCI All Country World Index set a fresh all-time high on the AI rally. By Shaurya Malwa Jun 3, 2026, 4:28 a.m. 2 min read Make preferred on What to know : Major cryptocurrencies tumbled even as global stock indexes hit fresh records, with bitcoin dropping as much as 12.3 percent on the week and ether down 11.1 percent. The sell-off followed a string of bearish crypto developments, including MicroStrategy’s first disclosed bitcoin sale, heavy spot bitcoin ETF outflows exceeding $3.2 billion, and a large Mt. Gox wallet transfer. Traders are watching bitcoin’s $65,000 level as key technical support, with a break lower potentially targeting $60,000 and a hold possibly setting up a short-term rebound. The crypto sell-off is worsening as stock markets continue to inch higher every day.