Bitcoin suffers worst year-to-date performance in a decade as AI stocks and IPOs attract investors
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CNA
5h ago· 4 min readenNews
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Summary
Bitcoin is experiencing its worst year-to-date performance in at least a decade, with prices tumbling around 15% in a week and losing a third of their value in 2026. The decline is attributed to capital shifting toward booming AI stocks and high-profile upcoming IPOs like SpaceX. The article notes this is the steepest drop since the FTX collapse in November 2022, with bitcoin trading at approximately $63,000.
Key quotes
· 3 pulledBitcoin is heading for its worst performance for this point in the year in at least a decade, as booming AI stocks and a series of glittering upcoming new listings such as SpaceX lure away capital from the world's largest cryptocurrency.
Its price has tumbled around 15 per cent this week, the most since November 2022, when trading platform FTX imploded.
At around $63,000, bitcoin has lost a third in value so far in 2026, more at this point in the year than at any time since at least 2015, LSEG data shows.
LONDON, June 5 : Bitcoin is heading for its worst performance for this point in the year in at least a decade, as booming AI stocks and a series of glittering upcoming new listings such as SpaceX lure away capital from the world's largest cryptocurrency.
