Bitcoin fell from approximately $63,978 to $62,480, a decline of roughly $1,498 or 2.3% in 24 hours.Not noise. Two named catalysts materialized simultaneously: Fed Governor Waller signaled a near-term rate hike, and U.S.-Iran Hormuz Strait rhetoric triggered a broad risk-asset selloff with $253 million in leveraged crypto positions liquidated. Near-term risk rose today on identifiable macro catalysts, with the June CPI print tomorrow as the immediate resolution event.
Bitcoin dropped 2.3% alongside a broad risk-asset selloff; South Korea's Kospi lost 9.2% and $253 million in leveraged crypto positions were liquidated per CoinDesk.
Fed Governor Waller's near-term rate-hike signal was the macro catalyst, with Bitcoin, stocks, and bonds all moving lower in the session per CoinDesk live markets coverage.
Spot Bitcoin ETFs snapped an 8-week consecutive outflow streak by drawing $197 million; the ETF flow z-score of +1.12 versus the 30-day average marks this as statistically elevated positive demand.
Strategy raised its U.S. dollar reserve to $3 billion by selling $467 million in MSTR shares for a third consecutive week without buying Bitcoin, with analysts at Benchmark and TD Cowen maintaining Buy ratings per The Block.
Network fees remain at 1 sat/vB across all priority tiers, indicating low on-chain congestion; hashrate at 883 EH/s holds near recent levels, reflecting continued miner participation despite the price decline.
Market Snapshot
Market Cap
$1.25T
24h Volume
$27.78B
Dominance
56.0%
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