Bitcoin opened the second half of 2026 trading near $58,600 following a 33 percent decline this year. Spot Bitcoin ETFs recorded $4.5 billion in net outflows during June. Analysts now weigh whether the cryptocurrency will rebound toward $100,000 or retest the $50,000 to $55,000 range.
Data from CryptoSlate shows Bitcoin has fallen more than 50 percent from its October peak above $126,000. The price sits at its weakest level since September 2024, marking the worst start to a year since the 2022 crypto crisis.
US spot Bitcoin ETFs posted their worst month since launching in January 2024, with BlackRock’s IBIT accounting for most withdrawals. Ecoinometrics noted persistent selling pressure, stating that the last 30 days featured relentless outflows.
The Federal Reserve under Chair Kevin Warsh adopted a more hawkish tone at its June meeting. Markets now consider the possibility of a rate hike rather than cuts, removing expected liquidity support for Bitcoin.
Strategy sold 32 Bitcoins in May for about $2.5 million. The company indicated it may sell additional holdings to strengthen its balance sheet and fund stock repurchases.
The CLARITY Act remains a near-term policy focus in the Senate before the August recess. Passage could provide regulatory clarity for digital assets.
