Bitcoin Slides Below $70K as Oversold Conditions Emerge and Corporate Sales Weigh In
Bitcoin drops below $70K with RSI severely oversold amid corporate selling pressure; market in fear as dominance holds near 58%.
Bitcoin extended its pullback on June 2, 2026, dropping 4.13% in the last 24 hours to trade at approximately $70,002. The leading cryptocurrency has now declined over 8.9% in the past week and more than 10.5% over the past month, with trading volume surging 130% to $47.1 billion amid heightened selling pressure.
Market-wide fear persists, as reflected in the Fear & Greed Index holding steady at 31. Bitcoin dominance eased slightly to 58.3%, while the broader crypto market cap sits near $2.40 trillion. Key headlines include Strategy's first publicized Bitcoin sale in years, disclosed in an 8-K filing, which added downward pressure as the firm offloaded BTC holdings.