Bitcoin
Affairs
 
No. 014  ·  9 Jun 2026
 
MARKET SNAPSHOT
BTC / USD
$61,699
  24H CHANGE
-3.6%
 
ALL-TIME HIGH
$124,749
  FROM ATH
-50.5%
NEWS
4 STORIES TODAY

The robotics trade is starting to move. Surgical systems, warehouse automation, machine vision, and smart factories are turning “Physical AI” into real business. MarketBeat’s 7 Stocks to Buy Before the Robotics Revolution reveals 7 companies positioned before Wall Street piles in. Reveal The 7 Stocks.

Sponsor

Bitcoin slipped back under $63,000 on June 9 after Monday's rebound, with analysts telling The Block the market has entered a structural distribution phase. The takeaway is that rallies are still being sold into, suggesting conviction has not yet returned despite last week's washout.

Macro

The UK's Financial Conduct Authority has proposed allowing authorized funds to allocate up to 10% of scheme property to crypto ETNs. If adopted, the change would widen regulated access to listed bitcoin and ether products in Britain without fully opening the door to direct crypto holdings.

Regulation  ETF

CoinDesk reported that Arca's Jeff Dorman argues last week's bitcoin slide was driven by fears Strategy may need recurring BTC sales to fund preferred-share dividends, not by capital rotating into AI. That framing matters because it recasts the drawdown as a bitcoin-specific supply overhang rather than a pure macro liquidity story.

Macro

The Block, citing Nikkei, reported that SBI Shinsei Bank plans to launch a crypto rewards program for deposit customers this fall. The move would push bitcoin, ether and XRP-linked incentives further into mainstream Japanese banking and blur the line between deposits and digital-asset exposure.

Macro  Regulation
COMMENTARY
VOICE FROM THE NETWORK
Cointelegraph
@Cointelegraph
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📊 INSIGHT: Bitcoin is just 51% below its ATH, a smaller drawdown than in previous cycles, per CryptoQuant analyst Maartunn. https://t.co/YN0GdjViwY
 
 
 
 
67 reposts    77 replies    266 likes
Cointelegraph
@Cointelegraph
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🚨 UPDATE: Circle's cirBTC is now live on Ethereum, bringing 1:1 BTC-backed collateral to institutional DeFi markets. https://t.co/U29CSB7HvN
 
 
 
 
 
 
71 reposts    51 replies    256 likes
Cointelegraph
@Cointelegraph
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🚨 INSIGHT: Bitcoin demand has fallen to one of its weakest levels since 2019, per CryptoQuant analyst MorenoDV_. https://t.co/f1n9WJqV6Y
 
 
 
 
39 reposts    62 replies    178 likes
Ted
@TedPillows
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Except for the peak, $BTC had 3 lower highs last cycle.

So far, we have seen only 2 while the bottom is still not in based on the 4-year cycle.

A bottom scenario could be another lower high by Q3 followed by a dump to $50,000.

After that, BTC will most likely pump above $100,000.
 
 
 
 
114 reposts    145 replies    730 likes

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