Daily Update — 3 Jun 2026

Bitcoin

Affairs

No. 008 · 3 Jun 2026

MARKET SNAPSHOT

BTC / USD
$66,541

24H CHANGE
-6.6%

ALL-TIME HIGH
$124,749

FROM ATH
-46.7%

◎	NEWS 5 STORIES TODAY

Euro area inflation accelerates to 3.2%, hardening ECB tightening expectations

Eurostat's flash estimate, published June 2, showed euro-area headline inflation rising to 3.2% in May from 3.0% in April, with energy and services leading the increase. The hotter print strengthens the case for tighter euro-area policy or a longer hold, an unwelcome backdrop for bitcoin and other duration-sensitive risk assets.

Rates Macro

Fresh Gulf clashes test ceasefire and keep Hormuz supply risk elevated

AP reported on June 3 that U.S. and Iranian forces traded new strikes as ceasefire talks frayed and Iran maintained its hold over the Strait of Hormuz. The renewed instability keeps energy-supply and inflation risk alive, a macro mix that has been weighing on bitcoin alongside other volatile assets.

Geopolitics Macro

US job openings jump to 7.6 million, keeping Fed fears alive

The BLS said on June 2 that April job openings rose by 731,000 to 7.6 million, while hires and total separations fell. A firmer labor-demand picture can keep Treasury yields and higher-for-longer Fed expectations elevated, tightening financial conditions for speculative assets including bitcoin.

Fed Rates Macro

Bitcoin selloff accelerates rotation into dollar stablecoins as market de-risks

CoinDesk reported on June 3 that USDT and USDC share gains picked up as bitcoin slid toward $67,000, a sign capital is moving into digital dollars rather than back into beta. The shift points to defensive positioning inside crypto and suggests dry powder is being parked onchain while traders wait for clearer direction.

On-chain Macro

UK lawmakers press Bank of England to soften systemic stablecoin limits

Reuters reported on June 3 that a cross-party House of Lords committee urged the Bank of England to reconsider caps on stablecoin holdings and reserve rules that require non-interest-bearing deposits. If adopted, a looser regime could make it easier for sterling stablecoins to develop, an incremental regulatory positive for crypto payments infrastructure.

Regulation Macro