We’ve faced quite a serious week on June 8–14, with serious events that could drastically shape crypto sentiment and value moving forward.
By Monday, everything was going great in the cryptocurrency sector. Institutional BTC adoption continues to bear fruit, with IBIT, Blackrock’s spot bitcoin ETF, becoming the fastest exchange-traded fund to hit the mark of $70B AUM in history.
Over to macroeconomics, we reported how the U.S. and China officials had a closed meeting in London, a major step forward for a resolution to the trade war that has scared investors for the majority of 2025 so far.
Meanwhile, the USDT issuer Tether announced it would be moving to open-source its Bitcoin Mining OS, which aims to level the playing field for smaller miners by reducing reliance on expensive third-party software.
By Monday, momentum in the crypto market was so strong that we reported a record number of liquidations from traders betting against the market.
Tuesday
Institutional adoption continued on the rise, as Strategy — formerly known as Microstrategy — acquired another major sum of BTC, further cementing its role as the leader of corporate bitcoin adoption among public companies. Meanwhile, Siebert Financial got the green light from the SEC to raise up to $100 million to be invested in Bitcoin.
Meanwhile, XRP issuer Ripple Labs announced a major investment to explain blockchain research in 6 APAC nations.
We also saw on Tuesday new hints that new altcoin ETFs could be moving forward, still in 2025. In this post, we detailed how the SEC moved to request additional documentation in order to advance Solana ETF proposals.
Wednesday
On Wednesday, the key economic data regarding American consumer prices came out. While inflation was still on the rise, it came in a basis point less than expected, potentially signaling to the Fed that inflationary pressures are not hugely affecting consumer spending.
Meanwhile, nations continued to move in favor of a strategic Bitcoin reserve. On that date, Ukraine proposed a bill that would add Bitcoin to the nation’s reserves.
The biggest news of the day was certainly the reports that China and the United States had finally reached a trade agreement. Hopes of a lesser influence from tariffs on the market drove Bitcoin to its weekly high after the news broke.
Thursday
We started off the day with reports that the U.S. Senate had moved to pass the GENIUS Act, a landmark bill aimed at establishing a federal regulatory framework for stablecoins. Also on that day, Stripe announced its acquisition of Privy, a crypto wallet infrastructure provider with over 75 million accounts.
On that day, we started seeing early signs that Bitcoin’s momentum was starting to cool off. Despite the PPI data coming in reinforcing a slower-than-expected inflation, $BTC dropped from $110,000.
Friday
Friday started off the most impactful and unfortunate news of the week. Israel’s airstrikes on Iranian military sites marked a significant escalation in tensions, following months of warnings about Iran’s nuclear ambitions.
The crypto market reacted sharply to the news, with Bitcoin dropping from $109,000 to below $104K. Interestingly, a price analysis by our good friend Francesco predicted that Bitcoin could revert to that zone several days prior.
Now, news reporting that Israel is targeting oil and natural gas in Tehran and Bushehr could impact other regions of the globe even more. Iran is a great supplier of crude oil and natural gas. If its production is compromised, inflation could surge globally, as oil and gas shortages drive up energy costs.
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