All right. Good morning, everybody, Cefanmore and you from Free Domain.

Freedomain.com slash donate Bitcoin briefing early June 2026. Of course, as I'm sure you've seen,

Bitcoin has seen a relatively steady decline as May closed out. Low to mid-70s, then it tumbled

hard in the first two trading days of June, below the psychologically

important 70K level, traded as low as the mid-65s by June 3rd, 10 to 11% down in just a couple

of days, heavy intraday volatility on June 2nd. Meanwhile, the broader US stock market,

S&P 500, especially the tech-heavy NASDAQ, continues to push towards or hit

fresh record highs. This is, of course, driven by future earnings potential expected from AI

and big tech companies as a whole. So it's a notable divergence, right? Bitcoin did not follow

the stock market down or up as a regular

investment vehicle would. It moved independently and sharply lower. So May 26th, 27th Bitcoin

trades mid to high 74, still low 75s, showed some resilience. May 2830 first settled into a tighter

range around 73 to 73.8, and then it went down considerably, of course, right? Of course, Bitcoin October 2025, all-time high 126,000. It had already corrected significantly in early 2026, down towards 60,000 at one point, the recent

move, as a meaningful drawdown from the peak, though crypto was famously volatile.

So why did Bitcoin fall while stocks rose?

So traditional stocks, especially large tech companies tied to AI enthusiasm, kept climbing

or held near records.

The S&P closed June 2nd, around 7610, positive

weekly and monthly performance model multiple record highs in 2026. NASTAC is showing similar strengths,

of course. Bitcoin sold off hard, though. This suggests crypto-specific pressures rather than

broad risk-off panic across all speculative assets. Crypto often amplifies

moves because of its unique market structure. Of course, there's more leverage in it, and there's

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