Bitcoin ETF · US Senate · Bitcoin · Federal Reserve (FED) · Strategy · CryptoSlate
Bitcoin starts H2 in a bear market as ETFs, Fed and Strategy set $100K-or-$50K test
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Bitcoin is entering the second half of the year with its support system, which powered its last rally, under pressure.
Key facts
- Data from CryptoSlate shows that the largest digital asset has fallen about 33% this year and more than 50% from its October record high above $126,000, trading near its weakest level since September
- The outcome could determine whether Bitcoin rebounds toward $100,000 by year-end or retests the $50,000 to $55,000 area, which analysts now see as the next major structural support zone
- Strategy (formerly MicroStrategy) disclosed in May that it sold 32 Bitcoins, worth about $2.5 million
- Data from SoSoValue show US spot Bitcoin ETFs posted about $4.5 billion in net outflows in June, their worst month since the products began trading in January 2024
Summary
01 Bitcoin starts July near $58,600 after a 33% yearly drop and more than 50% slide from its October peak. 02 June spot ETF outflows hit $4.5 billion, the Fed turned more hawkish, and Strategy’s sale weakened key support. 03 Whether inflows return or policy progress stalls will help decide if BTC rebounds toward $100,000 or revisits $50,000-$55,000. Data from CryptoSlate shows that the largest digital asset has fallen about 33% this year and more than 50% from its October record high above $126,000, trading near its weakest level since September 2024 at around $58,600 as of press time.