📉🔴 Market | 28.06 - A rare “double minus” and geopolitical anxiety
The crypto market is ending the first half of 2026 deep in a dark.. red zone
🔻Anti-record: BTC fell below the $60,000 mark (trading around $59,940). This led to a rare historical event—two consecutive losing quarters at the start of the year (Q1: -22%, Q2: ~-12%). In the asset’s entire history, this has happened only twice
🔻Altа: ETH lost about 25% over the quarter, trading at around $1,567
Dogecoin (-11.7%) and HYPE (-10.6%) dropped the most over the week
Only Solana and Tron show relative resilience
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Why is the market falling?
1. Macroeconomics: Hardline rhetoric from the Fed under the leadership of the new chair Kevin Warsh, and the dollar at a 7-month high
2. ETFs and AI: Ongoing capital outflows from spot Bitcoin ETFs. Investors are favoring chipmakers’ stocks amid the AI boom
3. The U.S. and Iran are exchanging strikes again. Trump said that “Iran may be able to end its own existence”
Shipping in the Strait of Hormuz is again under threat
What’s next?
We’ll watch whether the weakness from the first half carries into the third quarter, or whether demand for ETFs will recover
On Monday, U.S.-Iran talks are expected to resume, which could affect market sentiment
#analysis