Daily Crypto Briefing

Bitcoin slid to its lowest level since September 2024 on Friday, near 58,000, as the year's largest quarterly options expiry saw most contracts settle worthless while a hawkish Fed, firm dollar, and steady ETF outflows kept June's selloff grinding on.

Bitcoin slid from near 62,660 toward 61,000 as a strong dollar, hawkish Fed repricing, and an AI-led tech selloff drove broad de-risking. ETFs logged a sixth straight week of outflows, yet BlackRock told investors to hold a 1-2% Bitcoin allocation. Watch the 60K line.

Crypto slipped on June 23 as a $580M long-liquidation flush pushed BTC under $63K and ETH toward a triple bottom. Post-Fed rate-hike fears and steady ETF outflows capped prices, while the Ethereum Foundation confirmed a 40% budget cut and roughly 20% staff reduction.

Bitcoin held just above $64,000 on Monday, caught between a more hawkish Fed under Kevin Warsh and easing geopolitical tensions. Ethereum outperformed for a fourth straight day on BitMine accumulation, while the Ethereum Foundation lost another co-director.

Friday extended the post-Fed slide into a third session: Bitcoin slipped under 62,500 dollars and Ethereum lost over two percent as a hawkish Fed and firmer dollar kept control. The US-Iran Geneva signing fizzled, since both sides had already signed the deal electronically.

Sunday was a holding pattern: Bitcoin idled in the low-63,000s and Solana extended its bounce, but with an empty weekend calendar the Fear and Greed Index slipped to 23. The week that matters starts now, anchored on Thursday's PCE inflation print.

Saturday snapped the post-Fed losing streak as Bitcoin reclaimed 63,700 dollars and Solana jumped over 5 percent. But the bounce was hollow: ETF outflows continued, Fear and Greed held at 24, and the biggest moves came from speculative micro-caps, not real institutional demand.

Thursday extended the post-Fed slide: Bitcoin opened near 64,450 and slipped under 64,000, Ethereum lost about 2 percent, and altcoins fell harder as Warsh's hawkish dot plot kept rate-hike risk alive. The US-Iran signing is due Friday, though Trump called the deal not final.

Bitcoin held near $66,300 on Tuesday as the Fed's two-day meeting opened under new Chair Warsh and the US-Iran signing was set for June 19. Ethereum kept its lead as the year's only green major, XRP rode a sixth week of ETF inflows, and sentiment stayed fearful.

Warsh's first Fed meeting landed hawkish: rates held at 3.50-3.75%, but the dot plot now shows nine of eighteen officials expecting a 2026 hike and core PCE lifted to 3.6%. Bitcoin slipped under $65K as Ethereum and XRP gave back gains; the US-Iran signing looms Friday.