Crypto Daily is our column tracking crypto market trends, offering timely insights and valuable updates to keep you informed.
Crypto News
Bitcoin Tests $59K as ETFs Shed $692M, Options Expiry Looms
Bitcoin dipped below $59,000 Friday morning, dragged down by a fresh wave of ETF selling just as one of the year's biggest options expiries comes due.
The largest cryptocurrency was trading around $59,100 on Friday, down 6.4% over the past week and roughly 53% below the record $126,080 it set in October. It changed hands in a 24-hour range of $58,189 to $60,724, leaving its market cap near $1.18 trillion.
BIS says stablecoins fall short as money, warns of emerging-market risks in annual report
The Bank for International Settlements argued that stablecoins still do not measure up as money in its Annual Economic Report 2026, released Sunday at its yearly general meeting in Basel, Switzerland.
In a chapter titled "Anchoring trust in money: innovation beyond stablecoins," the report judges today's dollar-pegged tokens against foundational properties the BIS holds that any monetary system must keep, including singleness, elasticity, interoperability, and integrity. Current designs come up short on all of those, the authors argue.
Michael Saylor teases more bitcoin buying even as Strategy stock continues to fall
Michael Saylor shared a StrategyTracker chart on X this Sunday showing Strategy holds 847,363 bitcoin valued at $50.88 billion as of June 28, 2026, with 113 purchase events and an average cost basis of $75,653 per BTC.
That chart displays orange bubbles for MSTR's buys overlaid on bitcoin price history, highlighting aggressive accumulation especially in 2024-2025 with the average purchase price line trending upward.
Bitcoin & Ethereum Spot ETF Flow
The overall net outflow of the US Bitcoin spot ETF on Thursday was $444.51 million. The total net asset value of Bitcoin spot ETFs is $72.82 billion, and the ETF net asset ratio (market value compared to total Bitcoin market value) is 6.08%.
The Bitcoin spot ETF with the highest net outflow on June 26 was iShares Bitcoin Trust (IBIT), with a net outflow of $444.51 million, according to SoSoValue.
Source: SoSoValue