Bitcoin Bounces Above $77K, Senate Curbs War Powers, SEC Overhauls IPO Rules

Jobs Report Shocks Market as Bitcoin Tests Critical Support

U.S. jobs data blows past forecasts with one hundred seventy-two thousand positions added in May, setting up potential rate hikes and pushing Bitcoin below sixty-two thousand dollars. Crypto markets face their worst week since July twenty twenty-four as Zcash implodes forty percent on a critical security breach that went undetected for four years. MicroStrategy confronts eleven billion in paper losses while major banks announce a shared tokenized deposit network to counter stablecoin threats. Stock futures retreat as Treasury yields surge on the strong employment print.

Bitcoin Tests Critical Support as ETFs Bleed Four Point Four Billion

Bitcoin crashed to sixty-one thousand dollars overnight before recovering to current levels around sixty-three thousand six hundred dollars, testing its two-hundred-week moving average-a critical support zone that's defined every major bear market bottom since twenty fifteen. Spot Bitcoin ETFs extended their outflow streak to thirteen consecutive trading days, bleeding four point four billion dollars as institutional money rotates into artificial intelligence infrastructure and high-profile IPOs. Meanwhile, Moomoo integrated prediction markets through Kalshi, offering event contracts on Federal Reserve decisions and economic data releases, as prediction market volumes exploded from under five billion dollars monthly to twenty-four billion by April. Treasury Secretary Bessent confirmed progress on President Trump's strategic Bitcoin reserve while signaling the CLARITY Act could pass the Senate this summer, potentially establishing the first comprehensive federal framework for digital assets. Altcoins underperformed across the board, with Ethereum trading near seventeen hundred seventy-five dollars and holding critical support zones as ether ETFs recorded sixteen straight days of outflows totaling over eight hundred million dollars.

Bitcoin Breaks Sixty-Five K as Institutional Demand Cracks

Bitcoin plunged below sixty-six thousand dollars today, triggering nearly two billion in forced liquidations and marking a nine-week low. Institutional demand is evaporating fast with record ETF outflows exceeding three billion dollars. Prediction markets now price sixty-six percent odds of Bitcoin falling below fifty-five K by year end. We break down the technical levels traders are watching, sector rotation dynamics as equities hit all-time highs, and whether oversold RSI signals present a contrarian opportunity or a value trap. Plus: Mastercard and Visa expand stablecoin settlement infrastructure, the SEC designates digital assets a strategic priority through twenty thirty, and private credit names get crushed as Cliffwater caps redemptions for the second quarter running.

Bitcoin Hits Two-Month Low as MicroStrategy Breaks Sale Streak, Gold Tops Treasurys

Bitcoin drops to sixty-eight thousand nine hundred dollars as MicroStrategy's first bitcoin sale since twenty twenty-two triggers market anxiety. Meanwhile, spot bitcoin ETFs hit record outflows exceeding three point four billion dollars across eleven consecutive sessions while capital floods into AI stocks. The ECB confirms gold has overtaken U.S. Treasurys as the world's number-one reserve asset. We cover Strategy's controversial thirty-two bitcoin sale, institutional rotation from crypto to artificial intelligence, DeFi innovation from Vitalik Buterin, stablecoin expansion with MoneyGram launching on Stellar, and Japan's push for crypto ETFs. Plus: Mt. Gox moves seven hundred thirty-nine million in bitcoin, Robinhood enters Canada with WonderFi acquisition, and Tom Lee calls the selloff classic bottom behavior.

Bitcoin Bleeds to Seventy-Two Thousand as ETF Outflows Hit Record, Plus Strategy's First BTC Sale in Four Years

Bitcoin dropped to seventy-two thousand one hundred thirty dollars as crypto markets continue bleeding despite equity rallies. Spot bitcoin ETF outflows just hit a record ten-session streak totaling nearly three billion dollars. Strategy sold bitcoin for the first time in forty-one months, while Coinbase launched direct rupee rails in India's three billion dollar crypto market. Plus: DeFi exploits drop ninety percent in May, Aave overhauls security standards after two hundred thirty million dollar bridge hack, and geopolitical tensions from U.S.-Iran strikes push oil above ninety dollars per barrel. Markets digest regulatory clarity on perpetual futures, tokenization forecasts hitting five point five trillion by twenty thirty, and Berkshire's six point eight billion homebuilder bet. This is your complete market briefing for June first, twenty twenty-six.