Key Takeaways

• Bitcoin falls: The world’s largest crypto slid 2.5% to $62,261.4, steadying after last week’s 17%+ wipeout.
• Israel-Iran ceasefire provides limited relief: Both sides halted strikes after Trump’s demand, offering some comfort to broader risk assets.
• Strategy buys $101M in Bitcoin: The company purchased 1,550 Bitcoin, bringing its total to 845,256 coins — far larger than last week’s 32-coin sale.
• Saylor delivers on promise: The buyback is consistent with Michael Saylor’s pledge to repurchase more Bitcoin than Strategy sells.
• But debt obligations linger: Strategy still faces significant preferred stock dividends and capital obligations that could invite future sales.
• ETF outflows slow but continue: Investors pulled $91.4 million from spot ETFs Monday — far below Friday’s $325.7 million but extending the three-week outflow streak.
• Last week’s record outflow: Bitcoin ETFs shed $1.7 billion last week — their worst week since February 2025.
• Triple headwind for crypto: Gulf war risk aversion, rising interest rate fears, and rotation into AI stocks are all weighing on the sector.
• Altcoins mostly lower: Ether slipped 1% to $1,666.72, XRP fell 0.4%, Solana and BNB lost 1.5% and 1% respectively; Cardano bucked the trend with a 0.8% gain.
• Memecoins decline: Dogecoin slid 1%; $TRUMP lost 1.5%.

Bitcoin edged lower on Tuesday as institutional investors continued to sell spot Bitcoin exchange-traded funds, albeit at a slightly slower pace than seen in prior weeks.

Bitcoin slid 2.5% to $62,261.4 by 09:39 ET (13:39 GMT). The world’s largest crypto steadied this week after tumbling over 17% last week, amid a broad and extended rout in the sector.

Meanwhile, broader risk assets saw some relief after Israel and Iran agreed to halt strikes on each other following a demand from U.S. President Donald Trump.

Strategy Buys $101 Million in Bitcoin After Last Week’s Sale

Top corporate Bitcoin holder Strategy Inc on Monday disclosed it had purchased 1,550 Bitcoin for a total of $101 million, bringing its total stockpile to 845,256 coins.

The purchase was much bigger than Strategy’s sale of 32 Bitcoin on June 1, and was in line with Chairman Michael Saylor’s promises of buying up a greater amount of Bitcoin than the company would sell.

But Strategy still faces heightened debt and equity obligations for the capital raised to fund its massive Bitcoin purchases — a trend that could invite more sales in the future. The company had sold 32 Bitcoin last week largely to fund dividend payments on some preferred stocks.

Strategy’s sale last week was among the many sell signals for Bitcoin, given that it marked the company’s first sale of its holdings since late 2022.

Bitcoin ETF Outflows Continue But at Slower Pace

Institutional investors extended their selling of Bitcoin ETFs this week, albeit at a slower pace than seen in the past three weeks.

Investors pulled $91.4 million from spot ETFs on Monday — a much smaller outflow than the $325.7 million seen on Friday.

Bitcoin ETFs were still nursing three straight weeks of outflows, and lost a whopping $1.7 billion last week — their worst outflow since February 2025.

A storm of factors soured sentiment toward crypto, including risk aversion due to the Gulf war, concerns over rising interest rates, and shifting investor interest toward artificial intelligence stocks.

Crypto Price Today: Altcoins Slide Tracking Bitcoin

Broader crypto prices also edged lower on Tuesday, tracking Bitcoin’s move.

Ether, the world’s second-largest cryptocurrency, slipped 1% to $1,666.72, while XRP edged 0.4% lower to $1.1584.

Solana and BNB fell 1.5% and 1%, respectively, while Cardano bucked the trend with a 0.8% gain.

Among memecoins, Dogecoin slid 1%, while $TRUMP lost 1.5%.