Bitcoin
Affairs
 
No. 034  ·  28 Jun 2026
 
MARKET SNAPSHOT
BTC / USD
$59,674
  24H CHANGE
-1.9%
 
ALL-TIME HIGH
$124,749
  FROM ATH
-52.2%
NEWS
4 STORIES TODAY
Iran strikes Bahrain and Kuwait, putting Hormuz shipping and truce at risk
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.
Geopolitics  Macro
Bitcoin falls below $60,000 as back-to-back quarterly losses come into view
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.
ETF  Macro  Rates
U.S. spot Bitcoin ETFs cap a seventh red week with heavy withdrawals
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.
ETF  Macro
Gold and silver selloff is now dragging Bitcoin through the same macro unwind
CoinDesk argues bitcoin is now being pulled lower by the same unwind hitting gold and silver as a firmer dollar and a more hawkish Fed lift real yields. The move matters because it frames bitcoin less as an isolated crypto story and more as part of a broader reversal in the debasement trade.
Rates  Macro
COMMENTARY
VOICE FROM THE NETWORK

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Coin Bureau
@coinbureau
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🚨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
Cointelegraph
@Cointelegraph
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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
Cointelegraph
@Cointelegraph
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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
Bitcoin Magazine
@BitcoinMagazine
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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
Cointelegraph
@Cointelegraph
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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
Cointelegraph
@Cointelegraph
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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