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S&P 500 hits record 7,599 while Bitcoin lags below $71K amid ETF outflows.

Market News
02 Jun 2026
Bitcoin
View Source
Bullish
pluang ai news

The S&P 500 closed at a new record high of 7,599.96 on June 1, driven by a tech rally led by Nvidia. Meanwhile, Bitcoin fell below $71,000, struggling to keep pace with stocks due to $2.43 billion in May spot ETF outflows and institutional selling. This divergence raises questions about Bitcoin's role as a risk asset, with investors watching whether Bitcoin will catch up to equities or continue lagging amid steady Federal Reserve rates and shifting market dynamics.

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