🚨 Bitcoin drops toward $69K as Strategy sale rattles sentiment while AI tokens break away from the broader crypto slump 🚨
Bitcoin slid to its weakest level since April 7, falling below $70,000 as traders reacted to Strategy’s recent BTC sale and broader market stress. While majors and DeFi stayed under pressure, AI-linked tokens stood out as one of the few areas showing strength.
🔑 Key points
🔹 Bitcoin fell below $70,000 for the first time since April 7, with the article noting seven of the last eight four-hour candles closed red.
🔹 CoinDesk said the decline accelerated after Strategy’s $2.5 million BTC sale dented market sentiment and raised concerns about potential additional selling.
🔹 Ether also moved lower, remaining below the $2,000 level as weakness spread across major crypto assets.
🔹 AI-related tokens outperformed, with Humanity Protocol (H) up sharply and NEAR also posting gains over the past 24 hours.
🔹 Stellar’s XLM gave back part of its previous rally, while SUI and ETHFI also traded lower.
🔹 The report said DeFi total value locked dropped to around $78 billion, the lowest level since October 2024.
🔹 Liquidations were heavy, with CoinGlass data cited at roughly $768 million over 24 hours, heavily skewed toward long positions.
🎯 Bottom line: Bitcoin is under pressure, but AI-linked tokens are still attracting capital while the rest of the market bleeds.
https://www.coindesk.com/markets/2026/06/02/bitcoin-drops-toward-usd69-000-as-saylor-sale-spooks-investors-while-ai-tokens-buck-the-trend