Deepening Crypto Selloff Pushes Bitcoin to Lowest Level Since February -- WSJ

Dow Jones06-05 17:45

By Caitlin McCabe

Bitcoin's slide is showing no signs of abating.

The cryptocurrency is falling again this morning, touching a low of $61,343.67, before recovering slightly. That marked its lowest intraday level since early February.

Investors' race for the exits accelerated this week after Michael Saylor's bitcoin-hoarding company Strategy said it offloaded a portion of its bitcoin stash for the first time since late 2022.

Investors pulled nearly $400 million from U.S. spot bitcoin exchange-traded products Wednesday, marking the 13th consecutive day of net redemptions, a JPMorgan team led by Kenneth Worthington wrote yesterday.

This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage).

(END) Dow Jones Newswires

June 05, 2026 05:45 ET (09:45 GMT)

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