Analysis: Bitcoin falls to a two-month low, and its divergence from the stock market continues to deepen.

CoinFeed reported on June 2nd, citing Cointelegraph, that Bitcoin fell to a near two-month low on Tuesday, as the divergence between cryptocurrencies and traditional stock markets continued to deepen. Bitcoin briefly fell to $70,023 on Coinbase, its lowest level since April 7th, a daily drop of over 4% and a weekly decline of 8%, representing a 44% drop from its October peak of $126,000. Meanwhile, the S&P 500 hit a record high above 7,600 points on Monday, and the Nasdaq Composite surpassed 27,000 points. Andri Fauzan Adziima, research director at Bitrue Research Institute, stated that Bitcoin is currently the only major asset in a downtrend, and this divergence is noteworthy, indicating that Bitcoin is more like a high-beta risk asset linked to macroeconomic sentiment than an independent hedging tool.