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Bitcoin just hit its 2026 low. In the last hour alone, $78.95M got liquidated ($1.48b in 24hrs) β€” here's why momentum has turned this ugly:

β€’
US BTC ETFs bled $469M in a day β€” 7th straight week of outflows
β€’ Hot inflation data this week kills near-term rate-cut hopes
β€’ Whales sold; even Strategy trimmed BTC to cover dividend payments
β€’ Leveraged positions are getting force-liquidated as key levels break
β€’ Strong dollar + hawkish BoJ + capital rotating into AI stocks

$59K held as support earlier this year. Will it hold again?

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🚨 JUST IN: Base is investigating mainnet instability related to block production, with the team confirming all user funds remain safe.

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πŸ‡©πŸ‡ͺ LATEST: Bitcoin has dropped to around $59,200, trading just above the German government’s average 2024 Bitcoin sale price after it sold nearly 50,000 $BTC.

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🚨 UPDATE: Base has fully restored block production, identified the root cause of the network halt, and will publish a full post-mortem.

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πŸ”₯ NOW: Elon Musk's X has started rolling out X Money to select Premium+ users, offering up to $10M in FDIC insurance through the X Cash Sweep Program.

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πŸ”₯ JUST IN: Tether flips Ethereum in market cap.

$USDT: $186.06B
$ETH: $185.66B

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πŸ‡ͺπŸ‡Ί LATEST: Binance will stop serving EU clients from next week after failing to secure a MiCA licence, telling customers in Poland, Italy, Spain and France to withdraw their funds.

Read more: https://cointelegraph.com/news/binance-eu-service-limits-july-1-mica-effect

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🚨 INSIGHT: Peter Schiff says $STRC was pitched as $BTC credit without volatility, but it has fallen even more than $BTC.

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πŸ‡ΊπŸ‡Έ LATEST: Trump Accounts for children under 18 will open for registration and initial deposits on July 4.

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πŸ‡ΊπŸ‡Έ JUST IN: President Trump says Iran launched four one-way attack drones at ships in the Strait of Hormuz, with one hitting a cargo vessel while U.S. forces intercepted the other three, calling it a ceasefire violation.

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