Bitcoin faces worst performance in a decade as AI stocks attract investors

Bitcoin dropped 15% in a single week to the $60,000-$62,000 range by early June 2026, marking its worst performance in a decade as investors shifted capital into AI and semiconductor stocks. US spot Bitcoin ETFs saw $2.7 billion in outflows in one week, contributing to over $3.1 billion in year-to-date withdrawals, while AI equities surged roughly 170% over the past year. Bitcoin now ranks as the 13th largest global asset by market cap, overtaken by surging AI and semiconductor names, as analysts predict a "choppy summer" for the cryptocurrency.