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Bitcoin
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Affairs
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No. 018 · 13 Jun 2026
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MARKET SNAPSHOT
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BTC / USD
$64,111
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24H CHANGE
+2.4%
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ALL-TIME HIGH
$124,749
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FROM ATH
-49.1%
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Investors are heading into next week’s Federal Reserve meeting with Kevin Warsh chairing for the first time and with rate-hike concerns still elevated. U.S. equities have come off recent highs and futures continue to reflect expectations of tighter policy later this year, keeping the macro backdrop difficult for bitcoin.
Crude fell more than 3% to near two-month lows after President Trump called off threatened strikes on Iran and reports pointed to a possible U.S.-Iran memorandum within days. Cheaper oil eases part of the energy-driven inflation shock that has been feeding global rate fears and weighing on risk assets including bitcoin.
BlackRock filed a Form 8-A for its iShares Bitcoin Premium Income ETF, a late-stage step that suggests trading could begin as soon as next week. The product is designed to generate income by selling call options tied mainly to BlackRock’s spot bitcoin ETF IBIT, broadening institutional bitcoin exposure beyond simple spot holdings.
The CFTC issued no-action relief allowing designated contract markets to convert existing perpetual-style digital commodity futures into true perpetual futures, subject to amendment filings and compliance conditions. The move could materially expand regulated U.S. access to perpetual bitcoin derivatives, a market structure long dominated offshore.
The Bank of England’s latest inflation attitudes survey showed one-year inflation expectations rose to 4.0% from 3.2%, while a majority of respondents now expect rates to rise over the next 12 months. Sticky public inflation expectations reinforce the higher-for-longer rates backdrop that has pressured bitcoin and other non-yielding assets.
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COMMENTARY
VOICE FROM THE NETWORK
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Bitcoin just touched the 50 month moving average for the 4th time ever.
2015 bottom zone. 2018 the bottom. 2022 the bottom. 2026 right now.
The 20 week moving average sits at $71,000. Every prior bear market bottom was confirmed the same way: reclaim the 20 week, test the 50 week, bottom was in.
If Bitcoin makes that move sooner rather than later, the "Q4 bottom" thesis doesn't have months left to be proven right. It has weeks.
I respect the 4 year cycle analysis and consider the possibilities. But PMI just flipped to expansion, copper/gold is breaking out, and every prior time that combination showed up, a crypto bull market followed.
Both theories about to be tested at the same time.
We're about to find out which cycle Bitcoin actually answers to.
35 reposts 20 replies 379 likes
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JUST IN: Bitcoin bounces off the 200 weekly moving average 👀
BTC historically rises after this.
Bullish! 🚀 https://t.co/dPAXpwvWdI
161 reposts 91 replies 1.1K likes
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🔥 BULLISH: SpaceX holds approximately 6% of its corporate treasury in Bitcoin. https://t.co/FYB7YR6Bi1
129 reposts 72 replies 966 likes
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Yesterday, Spot Bitcoin ETFs recorded their first day of net inflows after 18 consecutive days of outflows. https://t.co/ofDuSYiBVK
15 reposts 16 replies 121 likes
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JUST IN: 🇺🇸 White House Executive Director Patrick Witt says he is optimistic on passing the Clarity Act by July 4th 👀
"We're doing a lot of work behind the scenes." 🙌 https://t.co/7Gl6J7Z2zo
354 reposts 121 replies 2.2K likes
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JUST IN: Elon Musk's SpaceX officially becomes 8th largest public Bitcoin holder with 18,712 BTC 🚀 https://t.co/04n3AyFC3T
451 reposts 94 replies 2.8K likes
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