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Bitcoin
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Affairs
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No. 034 · 28 Jun 2026
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MARKET SNAPSHOT
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BTC / USD
$59,674
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24H CHANGE
-1.9%
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ALL-TIME HIGH
$124,749
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FROM ATH
-52.2%
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Iran strikes Bahrain and Kuwait, putting Hormuz shipping and truce at risk
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Iran launched fresh drone and missile attacks on Bahrain and Kuwait after new U.S. strikes, and warned it could halt talks meant to preserve the ceasefire. For bitcoin markets, the renewed threat to Gulf shipping keeps oil, inflation and broader risk sentiment firmly in play heading into the new week.
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| Geopolitics Macro |
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Bitcoin falls below $60,000 as back-to-back quarterly losses come into view
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Bitcoin slipped under $60,000 on Sunday and is on track to finish both the first and second quarters of 2026 in the red, a rare pattern in its trading history. CoinDesk linked the weakness to persistent ETF outflows, a hawkish Fed and a strong dollar, leaving traders watching whether the slump carries into the third quarter.
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| ETF Macro Rates |
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U.S. spot Bitcoin ETFs cap a seventh red week with heavy withdrawals
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U.S. spot bitcoin ETFs logged about $1.79 billion in weekly net outflows through June 26, their second-worst week since launch, according to The Block's analysis of SoSoValue data. Friday's $444.5 million redemption extended the daily outflow streak to seven sessions and highlighted how sharply institutional demand has deteriorated.
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≡
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COMMENTARY
VOICE FROM THE NETWORK
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The Lithium Boom is Heating Up
Lithium stock prices grew 2X+ from June to January. But the real winner may be a private stock: EnergyX. Their tech can recover 3X more lithium than traditional methods, leading General Motors to invest. Now they’re preparing to unlock ~13M tons of lithium. Invest in EnergyX for $13/share by the 7/16 deadline.
Energy Exploration Technologies, Inc. (“EnergyX”) has engaged Beehiiv to publish this communication in connection with EnergyX’s ongoing Regulation A offering. Beehiiv has been paid in cash and may receive additional compensation. Beehiiv and/or its affiliates do not currently hold securities of EnergyX.
This compensation and any current or future ownership interest could create a conflict of interest. Please consider this disclosure alongside EnergyX’s offering materials. EnergyX’s Regulation A offering has been qualified by the SEC. Offers and sales may be made only by means of the qualified offering circular. Before investing, carefully review the offering circular, including the risk factors. The offering circular is available at invest.energyx.com/.
Comparisons to other companies are for informational purposes only and should not imply similar results. Past performance is not indicative of future results. Market shortfall are forward‑looking estimates and are subject to substantial uncertainty.
🚨BLACKROCK'S BITCOIN ETF JUST HIT ITS LONGEST OUTFLOW STREAK IN HISTORY
$IBIT has bled $860 MILLION this week alone, marking its SEVENTH straight week of outflows per Bloomberg.
The fund crashed to a 52-week low of $33, down over 54% from its high of $71.82. https://t.co/1xVQFDzcZ7
53 reposts 54 replies 319 likes
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🇸🇻 UPDATE: El Salvador added 8 BTC to its treasury last week.
The country now holds 7,696.37 BTC worth over $461M. https://t.co/GcXLOa1CWM
53 reposts 67 replies 306 likes
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🚨 LATEST: Bitcoin’s current 53% drawdown is its shallowest bear market on record, far smaller than previous declines of 77% to 93%. https://t.co/7ziTm1hCJq
205 reposts 156 replies 988 likes
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JUST IN: Michael Saylor hints that Strategy bought more bitcoin 🚀 https://t.co/cRBie3Swzg
120 reposts 134 replies 1.4K likes
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📊 MARKET: The Bitcoin ETFs just saw its worst weekly outflow ever. https://t.co/z0uQFsiEsC
67 reposts 97 replies 417 likes
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⚡ WDYT: Billionaire Jeremy Grantham says Bitcoin will fade away "with a whimper".
since 2013, over 400 news stories and posts have said something similar.
What do you think? https://t.co/RSWhkfZlmE
81 reposts 147 replies 555 likes
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