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Crypto Ends June in Rough Shape as Strategy Pivots and ETF Outflows Mount
June 30 was not a day to remember for anyone holding crypto. Bitcoin fell 2.6% to close around $58,656, Ethereum dropped 2.5% to roughly $1,573, and Solana slid 2.4% to $73.50. The total crypto market cap closed the day at $2.12 trillion, the lowest reading in nearly two years. For a market that started 2026 with some momentum, the way June ended was a hard landing. The session had a specific trigger that made it worse than a garden-variety down day. Strategy, Michael Saylor’s bitcoin treasury company, announced it may sell up to $1.25 billion in bitcoin to manage investor pressure. That news landed badly. MSTR ... (full story)
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From dailyforex.com | 12 hr ago
Bitcoin price remained under intense pressure as ETF outflows continued and as investors started positioning themselves for the upcoming sales by Strategy. The BTC/USD pair was trading at 58,800, down from last month’s high of 67,100. Bitcoin ETF Outflows and Strategy Sales The BTC/USD pair has come under pressure as investors have continued dumping. Data ...
