This cryptocurrency digest is dedicated to the two main topics of the week: market pressure due to macroeconomics and the new regulatory race between the United Kingdom and the European Union. Cryptocurrency remains under strain: investors are withdrawing money from ETFs, Bitcoin mining is still unprofitable relative to the market price, and Bitcoin is trying to hold on to key support.
Market Under Pressure: ETF, Rate, and Weak Demand
Key indicators look tense.
- Fear and Greed Index: 21 points versus 16 a week earlier, but the fear zone remains.
- Bitcoin dominance: about 58%.
- Average Bitcoin mining cost: $76,944, about 26% higher than the current market price.
Outflows from spot ETFs have continued for eight consecutive weeks.
- This week: about $770 million outflow from ETFs.
- The previous week: about $1.6 billion outflow from ETFs.
The pace of outflows has slowed, but the amount still looks significant. Instability began back in the second half of October 2025, when cumulative inflows into spot ETFs effectively stopped.
Bitcoin is trading near local support around $60,000. Ethereum has dropped to $1,600 — these are the lowest levels of 2025. In the securities market, a similar logic is clearly visible through ETF funds: when risk appetite falls, pressure quickly shifts to the most volatile assets.
The main macroeconomic backdrop remains unfavorable. Inflation in the United States continues to accelerate, and the consumer price index is strengthening expectations that the Federal Reserve will maintain a tough stance. The interest rate remains high, and the state’s monetary policy does not give the market reason for a confident reversal. Investors are also watching rate expectations through FedWatch.
Mining creates additional pressure. The average cost of mining Bitcoin is higher than the market price, so mining companies are forced to sell reserves and look for more sustainable directions. One of them is servicing computations for artificial intelligence. The growing demand from the technology sector, with names like Anthropic, SpaceX, and other major players, makes such a transition understandable, but it does not relieve the load on the crypto market. The rising cost of equipment, including RAM, also worsens the position of miners.
Against this backdrop, large corporate buyers have also become more cautious. Strategy did not buy Bitcoin last week. BitMine Immersion Technologies, one of the largest corporate holders of Ethereum, significantly reduced weekly purchases.
- Early June: 126,971 ETH.
- Last week of June: 27,084 ETH.
The decline in purchases is especially noticeable because Ethereum is at 2025 lows.
What Moves the Price of Bitcoin and What to Expect Next
Several factors have the strongest impact on Bitcoin volatility right now.
- Supply and demand: ETF outflows show that some investors are reducing risk, which puts pressure on the price.
- Macroeconomics: the high rate and the Federal Reserve’s tough stance make risky assets less attractive.
- Mining: when the cost of mining is higher than the market price, miners may sell reserves, increasing pressure on the market.
- Actions of large holders: the pause in Strategy’s purchases and the reduction in BitMine Immersion Technologies’ purchases show that corporate demand has become more cautious.
- Regulatory news: rules for stablecoins in the United Kingdom and EU affect confidence in crypto market infrastructure.
The nearest forecast for Bitcoin revolves around three scenarios. The baseline scenario is sideways movement near support around $60,000, while the market waits for new ETF inflows and softer signals from the Federal Reserve. A positive scenario is possible if demand for ETFs recovers and pressure from the rate eases. The negative scenario is associated with continued outflows, unprofitable mining, and reserve sales.
In Brief for Beginners: Bitcoin, Earning, and Reliability
Bitcoin is a decentralized cryptocurrency: transactions take place without a single control center, and records of transfers are stored on the blockchain. Mining helps confirm transactions and issue new coins, but when mining costs are high, miners themselves become a source of market pressure.
Bitcoin halving is a reduction in the reward to miners for finding a block. The mechanism slows the rate at which new coins appear, so with strong demand it can support the price. But halving alone does not guarantee growth: the market is simultaneously affected by the rate, ETFs, liquidity, regulators, and the actions of large holders.
You can earn on cryptocurrency through price growth, trading, long-term holding of assets, participation in infrastructure projects, or through instruments like ETFs if they are available to the investor. The main limitations are high volatility, regulatory risks, capital outflows, unprofitable mining, and the risk of mistiming entry.
The reliability of cryptocurrencies is usually assessed by liquidity, trust capital, role in infrastructure, network resilience, and regulatory risks. Bitcoin stands out for its high dominance and status as the market’s base asset. Ethereum is important as a large ecosystem and an asset held by corporate buyers like BitMine Immersion Technologies. Stablecoins like Tether are assessed differently: for them, reserves, issuance rules, and oversight are especially important.
DAT in crypto usually means Digital Asset Treasury — an approach where a company holds digital assets on its balance sheet as part of its treasury strategy. Strategy with Bitcoin and BitMine Immersion Technologies with Ethereum show why such purchases are important for the market: when corporate demand weakens, it quickly affects sentiment.
You can buy or sell Bitcoin through crypto exchanges, brokerage tools, or ETF funds where they are available. Before making a transaction, it is important to check the platform, enable two-factor protection, not keep all funds in one place, and first test a transfer with a small amount. If it is about Edward Jones, it is better to check the availability of cryptocurrency products and consultations in the company’s official channels before making a decision.
It is more convenient to monitor the crypto market through several sources at once: ETF flows, FedWatch data on rate expectations, regulator announcements, exchange analytics, mining news, and the dynamics of large corporate holders.
The United Kingdom Eases Rules and Challenges the EU
The UK Financial Conduct Authority has published the final package of documents that completes the formation of crypto regulation in the country. The brand new rules will take effect on October 25, 2027, but market participants are already preparing for the transition.
The main change was the easing of requirements for crypto companies. The mandatory capital buffer for issuers of non-sovereign stablecoins has been reduced from 2% to 1% of the total issuance volume. This is lower than in the European Union, where the approach to stablecoins remains stricter, including under MICA.
For issuers like Tether, such a difference in requirements can be important: the smaller the capital buffer, the lower the costs of maintaining reserves. Therefore, the UK jurisdiction is becoming noticeably more attractive for businesses choosing a platform to work with stablecoins.
Another relaxation concerns companies that hold risky tokens on their balance sheet. Now they need to cover only 40% of net risk with their own capital, whereas previously a 100% coverage option was discussed.
But for systemically important stablecoins, the rules, on the contrary, will become stricter. Such assets will fall under dual supervision — by the financial regulator and the Bank of England. At least 30% of reserves must be held in central bank deposits, and the remaining 70% in short-term government bonds with maturities of up to six months.
Why Regulatory Competition Matters for the Crypto Market
The UK’s softer approach is especially noticeable against the backdrop of the EU’s position. While European regulators maintain high requirements and are not ready to actively compromise even with major players like Binance, the United Kingdom is showing a more flexible line. For exchanges and infrastructure companies, including Coinbase, this intensifies the question of choosing a jurisdiction.
For investors from Russia, this story is important as an external factor affecting liquidity and trust in digital assets. The Bank of Russia regulates the local financial circuit, but global cryptocurrency prices now depend more on the US, ETFs, rates, and rules for stablecoins. At the same time, related topics — insurance, personal data, cookies on financial services, Yandex analytics tools, or Alfa-Bank products — remain a separate part of user and banking infrastructure, not the main driver of Bitcoin’s movement.
Regulators also continue to look at risks that are important for the entire digital market: cyber warfare, insider trading, reserve protection, token qualification as a security. In traditional finance, a stock as a financial instrument has long been integrated into clear rules, while the crypto market is still going through this process.
Brief Summary
- Bitcoin is holding support around $60,000.
- The probability of local sideways movement has increased.
- The high rate, ETF outflows, and unprofitable mining continue to pressure the market.
- The United Kingdom is lowering requirements for stablecoin issuers and increasing competition with the EU.
The main intrigue of the coming weeks is whether Bitcoin can hold support while the market waits for softer signals from the Federal Reserve and new ETF inflows.
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