10:33 - 1.07.2026

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July 1, Fineko/abc.az. The cryptocurrency market saw a sharp decline amid expectations that the U.S. Federal Reserve (Fed) will keep interest rates high for a long time, as well as concerns surrounding the company Strategy - one of the largest institutional buyers of cryptocurrency.

ABC.AZ reports that during trading in Asia, the value of Bitcoin declined by 1.5%, falling to $57,742. This is the lowest figure since September 17, 2024.

According to analysts, harsh statements by the Fed representatives force investors to get rid of unprofitable assets, which include cryptocurrencies. In June alone, more than $4 billion was withdrawn from American exchange-traded funds (ETFs) focused on bitcoin, which was the largest monthly capital outflow in the last two years.

Additional pressure on the market was exerted by the changes in the financing strategy applied by Michael Saylor at Strategy. This has renewed investor concerns that the largest institutional buyer may no longer be a source of consistent demand for Bitcoin.