
Bitcoin Battles $60,000 Support as US Stocks Rally on Iran Peace Deal Hopes
Bitcoin is battling to hold the $60,000 support level, as US stocks rebound on Iran peace deal hopes, amidst a lack of conviction among BTC buyers.

Bitcoin is battling to hold the $60,000 support level, as US stocks rebound on Iran peace deal hopes, amidst a lack of conviction among BTC buyers.

Bitcoin advocate Samson Mow has declared that Bitcoin's price bottom has been reached, attributing it to a change in the traditional four-year halving cycle.

US Bitcoin ETFs saw their largest single-day outflows in June, totaling $696.3 million, as Bitcoin fell below $60,000, pushing year-to-date losses to $4.6 billion.

SpaceX's $600 billion valuation wipeout has shaken tech markets, putting Bitcoin's $60,000 support at risk.

Bitcoin's funding rate has hit a **two-week high**, signaling derivatives market optimism, yet **ETF outflows** and **macroeconomic concerns** temper short-term upside potential.

JPMorgan reports that Bitcoin mining's hashrate and difficulty are now more responsive to price swings as more miners operate near breakeven.

Bitcoin is trading around $64,000 as the US Dollar Index (DXY) hits its highest strength since May 2025, presenting macro hurdles.

New data reveals a significant drop in Bitcoin's realized losses and increased bid-side liquidity, suggesting a notable reduction in selling pressure.

Bitcoin's price declined to $66,000, mirroring a drop in oil prices, while traditional markets saw gains influenced by geopolitical developments.

Bitcoin's value climbed, nearing the **$65,000** mark, as news broke of a potential US-Iran peace agreement impacting global shipping routes.

U.S. spot Bitcoin Exchange-Traded Funds have seen substantial outflows totaling over $2.1 billion this June, contributing to a broader market selloff.

Institutional investors are reportedly selling Bitcoin at a rate significantly exceeding daily supply, raising concerns about a potential price drop to $30,000.

Despite MicroStrategy's recent Bitcoin acquisition, BTC's price remains largely unchanged as investors cautiously await crucial US inflation data and the upcoming Federal Reserve meeting.

MicroStrategy further expands its Bitcoin reserves with a $100 million purchase, signaling continued conviction as BTC hovers above $63,400.

Bitcoin recently saw significant volatility, dipping to $61,300 and triggering $3 billion in liquidations, while derivatives traders anticipate further downside.

A historically reliable Bitcoin on-chain metric is signaling a potential bear market bottom as over half of the circulating supply is currently held at an unrealized loss.

While MicroStrategy's recent Bitcoin sales captured attention, Citi analysts argue the real challenge for BTC lies in attracting fresh capital from new buyers.

Despite Bitcoin's recent price dip below $70,000, derivatives markets exhibit high open interest and elevated funding rates, suggesting potential market instability.

Bitcoin's price fell below $71,000, reaching a multi-week low, as news of a significant institutional Bitcoin sale by 'Strategy' weighed on the market.

Bitcoin's price dropped under $71,000 at the weekly open due to selling, but bullish derivatives positioning suggests a potential recovery.