Daily Crypto Briefing

Sunday stayed quiet until the close, when the US and Iran announced a peace deal with a signing set for Friday. Crypto recovered on the week with Bitcoin near 64,300, and the brutal ETF outflow streak finally paused. Attention turns to Wednesday's Fed decision.

Bitcoin held near 64K through a quiet weekend session as Friday's Iran-deal relief neither extended nor unwound. ETF outflows showed a first sign of slowing, sentiment stayed in Extreme Fear, and the market turned its eyes to Wednesday's Fed decision.

Bitcoin rebounded toward 63,700 and the whole market caught a bid after Trump claimed the Iran war had ended and oil sold off. But the deal was contested within hours, ETF outflows kept running, and the fear gauge stayed pinned at 12. A relief bounce, not a turn.

Bitcoin bounced back above $63,000 on Thursday after President Trump claimed a deal with Iran sent oil and inflation fears lower. The catch: Tehran denies any deal exists, and spot ETF outflows have not stopped, so the bounce looks more like a squeeze than a turn.

May CPI ran hot at the headline (4.2%) but soft at the core (2.9%), and Bitcoin barely moved, holding the 60K line. With energy driving the print and the Fed's June 17 meeting almost certain to hold, traders are watching the macro, not the chart.

Crypto coiled in a tight range on Tuesday as traders de-risked ahead of Wednesday's May CPI print. Bitcoin and Ethereum held steady, with relentless ETF outflows still the main weight. The inflation number, not the chart, decides the next move.

Bitcoin opened Monday near $63,300, its first solid bounce after a weekend dip below $60,000 — the first time since 2024. Ethereum led the rebound, up 7.7%, and ETF outflows slowed. But May CPI on June 10 and the June 17 Fed meeting still hold the next move.

Bitcoin clawed back above $62,000 on Sunday, steadying after a macro-driven flush to a 2026 low near $59,100 capped crypto's worst week since the FTX collapse. Oversold signals firmed, but May CPI on June 10 and the June 17 FOMC dot plot will set the next direction.

Bitcoin closed its worst week of 2026, breaking below $60,000 to a $59,100 low and flushing roughly $1.8B in leverage after a strong US jobs report lifted yields and repriced the Fed. A thin weekend bounce reclaimed $61,000, but extreme fear and ETF damage linger.

Bitcoin sank near $62,000 on Friday, down about 14% on the week, as US spot ETFs logged a record 13th straight outflow day worth $4.4B. The deeper story is a liquidity rotation into AI equities and IPOs, not crypto-specific news, with Strategy now $11B underwater.