Bitcoin slide to $70,000 as stocks pause and Strategy's BTC sale weighs on crypto

Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email Bitcoin slide to $70,000 as stocks pause and Strategy s BTC sale weighs on crypto BTC fell 3.4% in 24 hours to below $71,000, the lowest level in weeks, as Monday s 8-K filing disclosing Strategy s first publicized bitcoin sale continued to weigh. By Shaurya Malwa Jun 2, 2026, 5:09 a.m. 2 min read Make preferred on What to know : Bitcoin fell below $71,000, extending a weeklong slide as markets digested Strategy’s first disclosed bitcoin sale and broader risk assets paused near record highs. Strategy sold 32 bitcoins for $2.5 million to fund preferred stock distributions, a move seen as symbolically important even though it is small relative to the company’s overall holdings. With bitcoin ETF flows still negative and no clear bullish catalyst in sight, bitcoin is trading at its lowest level in weeks even as select tokens like Hyperliquid’s HYPE outperform. Bitcoin BTC $ 70,599.47 extended its slide below $71,000 in early Asian hours Tuesday, down 3.4% in the past 24 hours and 7.5% on the week, as the aftermath of Strategy s first disclosed bitcoin sale weighed on the market while stocks paused at record highs and oil pushed further on the stalled U.S.-Iran ceasefire negotiations.