Bitcoin Slides 38.5% as Stocks Rally 27% and Gold Shines

As of June 5, Bitcoin trades near $62,279, marking a 38.5% decline over the past 12 months while the S&P 500 gained 27% and gold attracted safe-haven flows. The selloff accelerated from the June 1 level near $73,673, with BTC falling below $70,000 by June 3 to $69,570 amid ETF outflows and macro headwinds. Performance divergence widened as gold miners like B2Gold delivered strong cash flows and mining ETFs outperformed spot BTC, underscoring 2026 as Bitcoin's most oversold period versus gold on record.