Crypto Weekly Digest: June 24 — July 1

🔴 Bitcoin had one of its roughest weeks of the year, sliding under $59,000–$60,000, its lowest level since late 2024, and closing out June as the worst month of the entire 2026 correction. It’s down over 5% on the week alone and nearly $19K off its May peak near $77,600.

🔴 Ethereum wasn’t spared either, dipping toward $1,570–$1,620 as spot ETFs bled tens of millions in outflows, with capital rotating into stablecoins and rivals.

🟢 Not everyone lost. Solana and Hyperliquid bucked the trend, posting solid weekly gains while the rest of the top 10 stayed red.

😨 The Fear & Greed Index hit an all-time cycle low of 12 (Extreme Fear) before ticking up slightly to 15.

🏛️ Politics got tangled with crypto again: Trump refused to sign the housing bill carrying a CBDC ban through 2030, holding it hostage until Congress passes his separate voter-ID “SAVE Act.”

⚖️ Meanwhile the industry’s big prize, the CLARITY Act (crypto market structure law), is stuck in the Senate needing 7 Democratic votes before the August recess. Its fate could shape US crypto rules for years.

🇪🇺 In Europe, MiCA’s transition period expired July 1, forcing unlicensed exchanges to wind down, with Binance racing to secure a new EU license.

🕵️ A darker headline: reports surfaced of a China based exchange allegedly used to launder billions in sanctioned Iranian and North Korean funds.

⛏️ Fun fact: even as prices crashed to 20 month lows, Bitcoin’s mining difficulty just hit an all time record high. Miners are working harder than ever, betting on the network even in the depths of a bear market! 💪

Stay sharp and trade smart! 🚀

📢 Crypto Weekly Digest: June 24 — July 1 📉 was originally published in Coinmonks on Medium, where people are continuing the conversation by highlighting and responding to this story.