Bitcoin plunges below $66,000 as global stocks, AI trades hit fresh records
Bitcoin has dropped below $66,000 amid a broader sell-off in the cryptocurrency market. This decline comes despite global stock markets reaching new all-time highs, particularly driven by advancements in AI. Traders are closely monitoring Bitcoin's technical support level at $65,000, which could influence future price movements.
- ▪Bitcoin plunged 6.4% to a low of $65,708 in Asian trading on Wednesday.
- ▪Ether broke below $1,900, marking an 11.1% decline for the week.
- ▪The sell-off was influenced by bearish developments in the crypto market, including significant ETF outflows and a major wallet transfer.
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MarketsShareShare this articleCopy linkX iconX (Twitter)LinkedInFacebookEmailBitcoin plunges below $66,000 as global stocks, AI trades hit fresh recordsBTC 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 readMake 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.
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