On July 1, 2026, the Federal Reserve chair is set to deliver a public speech, and the U.S. will release its June manufacturing PMI data. The combination is a typical dual catalyst of macro data and policy signaling that can shift expectations for the rate path and a potential liquidity turning point. Microsoft said it plans to cut thousands of jobs as part of routine cost optimization across the tech sector, without linking the move to any crypto-related business. Anthropic has lifted overseas access restrictions for Claude 3.5, an AI infrastructure update that does not map to any token.

A court ruling that mentioned Federal Reserve Governor Lisa Cook was quickly interpreted by markets as a signal about the central bank’s policy independence, feeding into interest-rate expectations. While the decision did not directly involve crypto assets, spot Bitcoin ETFs have pulled BTC deeper into U.S. macro trading, prompting traders to map the headline to implied Fed odds, real yields, the dollar and ETF flow dynamics. The episode is framed as narrative-driven repricing rather than a shift in policy or legal authority, with no specific magnitude changes cited.

On July 1, ADP reported that U.S. private-sector employers added 98,000 jobs in June, below the 110,000 forecast and the lowest level in about six months. Nearly half of the gains came from education and health services, while leisure and hospitality added just 2,000 jobs. Even with the weaker print, the 10-year Treasury yield climbed to 4.38% and markets priced a 33.7% chance of a Federal Reserve rate hike at the July meeting. Bitcoin fell to $58,773 and was down more than 17% over the past month, while U.S.-listed spot Bitcoin ETFs saw $4.5 billion of net outflows in June, according to SoSo Value.

Bitcoin (BTC) saw a steep drop in millionaire wallet addresses in the first half of 2026, as price declines pushed many wallets below the $1 million mark. Between January 1 and June 30, 2026, the number of Bitcoin addresses holding at least $1 million fell from 148,084 to 121,431, a decline of 26,653 addresses, or 18%, according to Finbold’s H1 2026 Cryptocurrency Market Report. The biggest contraction was among addresses holding $1 million to $10 million, which fell by 23,727 to 107,989.

Bitcoin slipped below $58,000 on June 30, capping what it described as its worst quarter in years. Quarter-end selling, ongoing spot bitcoin ETF outflows and renewed concerns over Strategy Inc.’s shift weighed on the token. The move left bitcoin down 34% year to date.

Bitcoin spot ETFs recorded net outflows every week and every day throughout June. The streak highlighted persistent redemptions and contributed to a weaker market tone over the month.

U.S. spot bitcoin ETFs saw a record $4.5 billion in net outflows in June, marking their worst month since launching in January 2024. The previous monthly record was $3.48 billion in February 2025, meaning June exceeded it by 29%. The slump underscores the volatility facing crypto-linked funds as investors and managers contend with shifting market conditions and regulatory uncertainty, live markets reported.

The U.S. to The Rest Reserve Ratio has fallen to 1.59. The metric compares Bitcoin held by U.S. entities with holdings in the rest of the world.