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Bitcoin dips below $70K as Strategy's sale spooks investors; AI tokens surge amid DeFi slump.

Market News
02 Jun 2026
Coindesk
View Source
Bearish
pluang ai news

Bitcoin fell below $70,000 for the first time since April 7, dropping over 2% amid concerns triggered by Strategy's $2.5 million bitcoin sale, signaling potential further sell-offs. Ether also declined, while AI-related tokens like Humanity Protocol and Near Protocol surged significantly, reflecting strong investor interest in AI. Meanwhile, the DeFi sector weakened, with total value locked dropping to its lowest since October 2024, indicating ongoing liquidity challenges. This divergence highlights shifting investor focus from traditional crypto assets to AI-driven tokens amid market volatility.

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