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Bitcoin slid below $66,000 in early Wednesday trading and traded as low as $65,372 before rebounding above $67,000, capping a 6% one-day drop that has erased the price action of the last two months and pushed the world's largest cryptocurrency 47% below its October all-time high.
BTC spot was changing hands near $66,787, off 2.8% on the day and down 11.7% over the past week, according to CoinGecko.
The drawdown landed on the same day US spot Bitcoin exchange-traded funds posted their longest withdrawal streak on record. The cohort gave up a net $519.19 million on June 2, extending consecutive daily outflows to 12 trading sessions, the deepest such run since the products launched in January 2024, SoSoValue data show.
