Bitcoin briefly dipped below $60,000 during the final week of June before buyers stepped in, capping a turbulent seven days driven almost entirely by macroeconomic forces rather than anything crypto-native. As of the latest data, Bitcoin trades at $59,873, Ethereum at $1,564, $XRP at $1.04, and Solana at $70.37.

What Drove the Selloff

Expectations of higher interest rates for longer, a stronger US dollar, continued ETF outflows, and broad deleveraging across derivatives markets combined to push the market lower. More than $1 billion in long liquidations amplified the move, a reminder of how leverage continues to magnify short-term price action.

Where Each Asset Landed

Bitcoin’s decline found buyers at levels historically associated…