Bitcoin drops to a 2-month low amid sales and geopolitical tensions

11:39 - 2.06.2026


June 2, Fineko/abc.az. On Tuesday, bitcoin fell to a 2-month low, continuing its recent decline after the largest corporate holder of the cryptocurrency, company Strategy, sold part of its assets for the first time in almost 4 years.

ABC.AZ informs that the cryptocurrency market has also come under pressure due to weak risk appetite amid increasing uncertainty around the U.S.-Israel war against Iran and conflicting signals about the progress of negotiations.

Bitcoin dropped 3.9% to $70,287.3, its weakest level since early April.