🔐 CRYPTO REPORT — July 1, 2026

🌐 MARKET OVERVIEW

$BTC fell to $57,742, its lowest level since September 2024, briefly breaking below the 200-week moving average before recovering toward $60,000 after Fed Chair Warsh said inflation risks had eased. White House adviser Kevin Hassett called further rate hikes a mistake, while Trump and Vance expressed optimism over Iran talks.

MiCA's transition period officially ended, putting more than 3,000 unlicensed crypto firms across Europe at risk of suspension. Crédit Agricole launched the EURXT euro-backed stablecoin. Crypto companies spent a record $189M on the 2026 U.S. midterm elections, while Trump disclosed earning more than $500M from World Liberty Financial token sales.

U.S. manufacturing slowed in June as the ISM index fell from 54.0 to 53.3, below expectations. China's top diplomat also urged the U.S. to handle Taiwan with "maximum caution."

₿ BITCOIN

BTC rebounded after hitting a 21-month low, but on-chain indicators remain weak. Exchange inflows climbed to 122K BTC, well above the yearly average. SOPR remains below 1.0, while spot demand has stayed negative for 208 consecutive days. A confirmed recovery will likely require those indicators to reverse.

🔷 ETHEREUM & ALTCOINS

$ETH continues to trade sideways as EthLabs launches ahead of the Glamsterdam upgrade. AAVE gained about 20% over the past week and recorded its strongest new wallet growth in nearly five years. XRP and HYPE ETFs are attracting part of the capital leaving BTC and ETH funds.

📋 KEY CRYPTO NEWS

Citigroup lowered its BTC and ETH targets, citing weaker ETF flows and regulatory uncertainty, while cutting its 12-month net ETF inflow forecast to zero. Bitcoin options are seeing rising demand for $50K puts, and gold futures formed a death cross, reflecting a defensive market. Polygon zkEVM will shut down this week. Galaxy Digital lowered the probability of the CLARITY Act passing in 2026 to 50%. Bybit was added to Singapore's investor alert list. Ledn introduced Tether Gold as collateral. Strategy announced a new capital framework allowing up to $1.25B in BTC sales. June also recorded a record $4.06B in spot Bitcoin ETF outflows.

🔓 TOKEN UNLOCKS

$BEAT (Audiera) will unlock 21.24M tokens worth about $49.7M on July 2, equal to roughly 7% of circulating supply. Selling pressure is expected to remain moderate, although weaker market conditions could amplify volatility.

🔭 OUTLOOK

Warsh's comments eased inflation concerns and supported BTC, but a lasting recovery still requires ETF outflows to slow, exchange BTC inflows to decline, and the Coinbase Premium to turn positive.

Key events ahead include U.S. Nonfarm Payrolls and the unemployment rate on Thursday (15:30 TRT), Friday's U.S. Independence Day market holiday, and the HYPE unlock worth roughly $630M on July 6, the largest token unlock of the month.