Bitcoin Falls Below $70,000 For The First Time Since April

BreakingBusinessBitcoin Falls Below $70,000 For The First Time Since AprilBySiladitya Ray,Forbes Staff. Siladitya Ray is a New Delhi-based Forbes news team reporter.Follow AuthorJun 02, 2026, 04:06am EDTJun 02, 2026, 04:08am EDTToplineBitcoin fell below the $70,000 mark for the first time since April 8 after the cryptocurrency’s biggest institutional holder, Michael Saylor’s Strategy, announced it had sold some of its tokens for the first time in more than three and a half years.The price of Bitcoin fell below $70,000 for the first time since April. NurPhoto via Getty ImagesKey FactsThe price of Bitcoin briefly fell to $69,690 early on Tuesday, down more than 3.8% compared to the previous day, before paring some of its lossesThe world’s most valuable cryptocurrency is down more than 8.4% compared to the previous week.Other major crypto tokens were unaffected by the Bitcoin selloff early on Tuesday, with the price of Ether, Binance’s BNB and XRP remaining mostly flat at $1,981, $681 and $1.26, respectively. if (!window.cnxel) { window.cnxel = {}; window.cnxel.cmd = []; var iframe = document.createElement('iframe'); iframe.style.display = 'none'; iframe.onload = function() { var iframeDoc = iframe.contentWindow.document; var script = iframeDoc.createElement('script'); script.src = '//cd.elements.video/player.js?cid=62cec241-7d09-4462-afc2-f72f8d8ef40a'; script.setAttribute('defer', '1'); script.setAttribute('type', 'text/javascript'); iframeDoc.body.appendChild(script); }; document.head.appendChild(iframe); const preloadResourcesEndpoint = 'https://cds.elements.video/a/preload-resources-ovp.json'; fetch(preloadResourcesEndpoint, { priority: 'low' }) .then(response => { if (!response.ok) { throw new Error('Network response was not ok', preloadResourcesEndpoint); } return response.json(); }) .then(data => { const cssUrl = data.css; const cssUrlLink = document.createElement('link'); cssUrlLink.rel = 'stylesheet'; cssUrlLink.href = cssUrl; cssUrlLink.as = 'style'; cssUrlL...