Monetary Policy

ARK Invest co-founder Cathie Wood said on the July 3 monthly program "In The Know" that the recession signals in the U.S. June nonfarm payrolls report mainly stem from distorted statistical data rather than problems with the U.S. economy itself; on the same day, ARK Invest bought nearly $18 million worth of Circle stock. June Nonfarm Payrolls Added Only 57,000, Less Than Half of the Expected 115,000 According to data released by the Bureau of Labor Statistics on July 2, 2026, nonfarm payrolls in

Spot bitcoin ETFs recorded $4.5 billion in net outflows during June 2026, the worst monthly withdrawal since their approval in early 2024, while bitcoin dropped approximately 20% for the month and locked near $60,000. Experts attribute the outflows to macroeconomic conditions rather than bitcoin

Bitcoin (BTC) saw a sharp rebound, temporarily trading around $61,520 on July 3. U.S. President Donald Trump refused to commit to signing a housing bill that includes a four-year ban on central bank digital currencies (CBDCs). The Governor of the Central Bank of Russia confirmed that the digital ruble will be launched on September 1, emphasizing a cautious stance on stablecoins, only considering them as a supplement for international settlements. Macro Events & Crypto Hotspots According to CNBC,

During the period from 01:00 to 01:15 UTC on July 3, 2026, BTC price rose in the short term, with a yield of +0.53%. The price range was 61,286.2 to 61,722.7 USDT, with a volatility of 0.71%. This period falls within the active trading hours of the Asian morning session, as the market entered a consolidation and recovery phase after experiencing significant fluctuations in the previous trading day. The main driver of this unusual movement was a speech by Federal Reserve Chairman Warsh on July 2,

Bitcoin rebounded sharply to $61,362 on July 3, with the direct trigger being the June nonfarm payroll report released by the U.S. Bureau of Labor Statistics (BLS) far below expectations: June added only 57,000 jobs, well below the market estimate of 110,000. After the report, the CME FedWatch tool showed the market's probability of a September rate hike dropped from 66% before the release to about 51%. June Nonfarm Payroll Data and Revisions: All Three Figures Miss Expectations According to dat

Bitcoin slightly rebounded to $59,768 on July 2, with total long liquidations exceeding $200 million in 24 hours. Federal Reserve Chairman Walsh stated at the European Central Bank Forum in Sintra, Portugal the same day that the Fed does not provide forward guidance and future policy will be determined based on economic data. He also said that recent inflation expectations and upside risks to inflation have declined. The CME FedWatch tool shows the probability of a September rate hike fell from

Federal Reserve Chair Kevin Warsh stated prices are too high during remarks at the European Central Bank's annual Forum on Central Banking in Sintra on July 1, 2026. Warsh said inflation expectations and risks have eased over his first four weeks as chair but stopped short of signaling the Fed's

Bitcoin is trading near $60,000 after pulling back sharply from a record high above $120,000 earlier in the cycle, with market participants closely monitoring whether the price zone continues to hold amid shifting institutional demand and broader risk-asset volatility. The decline has coincided with

Federal Reserve Chair Kevin Warsh has drawn heightened scrutiny from Wall Street since his first press conference earlier this month, where he stated the Fed would deliver price stability while signaling less forward guidance than his predecessors provided. The increased attention stems from Warsh's

According to the Financial Times, Federal Reserve Chair Kevin Warsh stated earlier this month that the Fed would prioritize price stability while signaling reduced forward guidance on future policy actions. This approach contrasts with his predecessors' more communicative stance. Market reaction

Bitcoin (BTC) continues to be weak without a rebound, temporarily reported at around $59,400 on June 29. U.S. House Speaker Mike Johnson said that the housing bill containing a ban on central bank digital currencies (CBDC) will be sent to President Trump for signing on Monday. The European Banking Authority releases a penalty framework for non-compliant crypto issuers, as full MiCA enforcement approaches. Macro Events & Crypto Hot Topics According to Cointelegraph, U.S. House Speaker Mike Johnso

Bitcoin (BTC) briefly traded at $59,482 on June 29, failing to reclaim the $60,000 mark. Axios cited senior U.S. officials saying that the U.S. and Iran have agreed to stop attacking each other, with both sides planning to hold talks in Qatar's capital on Tuesday, focusing on the Hormuz Strait dispute, but the ceasefire agreement has already faced a crisis within less than 11 days. Root Cause of the U.S.-Iran Ceasefire Crisis: Divergent Interpretations of the MOU and Disputes over Hormuz Strait

Grayscale warned June 26 that stalled crypto legislation could add pressure to bitcoin and digital asset treasuries as the CLARITY Act faces a compressed Senate calendar. The asset management firm said developments around the bill could play a decisive role in shaping market sentiment and

CryptoQuant analyst Darkfost reported that the Coinbase Premium Index has remained negative for nearly 40 days since May 15. The analyst noted selling pressure from professional and institutional investors has accelerated in recent weeks, with the index tracking Bitcoin price differences between

According to CryptoQuant analyst Darkfost, Coinbase Premium Index has remained negative for 40 consecutive days since May 15, signaling sustained selling pressure from institutional investors. Data from the U.S. in May showed PCE inflation rose 4.1% year-over-year, exceeding the expected 4.0%,

Bitcoin fell below $59,000 late Thursday as macro risk-off sentiment triggered a broad crypto sell-off, with the world's largest cryptocurrency briefly dropping to around $58,200 before rebounding to $59,890 as of 11:50 p.m. Thursday. The decline was driven by broader market pressure, with Asian

From 03:45 to 04:00 (UTC) on June 26, 2026, BTC rebounded 0.95% in 15 minutes, with the price rising from 59478.9 USDT to 60128.3 USDT, an amplitude of 1.09%. The price had dropped to $58,995 the previous day, hitting a new low since October 2024, and short-term oversold conditions triggered technical rebound momentum. The main drivers of this fluctuation are the concentrated release of technical repair demand and liquidation pressure. The price received buying support when testing the psycholog