Key Takeaways:
Strategy purchased 1,550 BTC for $101M Monday as bitcoin recovered above $63,000 from June lows.Bitmine acquired 126,971 ETH last week as total crypto market cap reached $2.19T on June 8.The Clarity Act entered Senate floor debate Monday, with bitcoin watching $65K as the next key level.The Fear & Greed Index sat at 16, firmly in “Extreme Fear” territory, even as prices moved higher. That divergence between sentiment and price action is consistent with dip-buying behavior from larger players rather than broad retail participation.
Regulatory Tailwinds Macro BackdropU.S. equity markets opened higher Monday as well, with the Nasdaq Composite up approximately 1.1% to 1.4% after losing 4.18% on Friday, its worst single-day drop in over a year. The selloff was triggered by a May jobs report that showed 172,000 positions added versus an 85,000 consensus estimate, shifting rate-cut expectations toward a “higher for longer” stance.
Jensen Huang and the Intel FactorThe U.S. Consumer Price Index (CPI) release scheduled for June 10 is the next major macro data point. Continued exchange-traded fund (ETF) flow data and any final votes on the Clarity Act before the summer recess, will also draw close attention.
