Key takeaways
- Bitcoin remains under pressure from $2.1 billion in ETF outflows in June and an ongoing discount relative to global Bitcoin/USDT pairs.
- Strategy’s STRC stock shows weakness, highlighting growing concerns over monthly dividend obligations and share dilution.
- The US stock market traded down on Wednesday after President Donald Trump said the memorandum of understanding with Iran was not final. Investors fear that oil flows through the Strait of Hormuz will not clear quickly, which adds further pressure on inflation. Is the stock market and Bitcoin (BTC) at risk?
The US and Iran are expected to formally sign an agreement on Friday, starting a 60-day negotiation period. On Wednesday, Trump said the deal should please the markets…
