Crypto market ended week with Bitcoin rebound following record outflows from ETFs

04.07.2026    18:25

The cryptocurrency market ended the past week with a partial recovery after Bitcoin fell below the psychological $60,000 level, but the main topics for the industry remained outflows from ETFs, major banks revising their forecasts, intensifying regulatory competition surrounding stablecoins, and miners shifting to the AI data center sector.

As of the time of writing, Bitcoin was trading around $62,440, while Ethereum was trading around $1,625. Earlier in the week, BTC fell below $60,000 amid weak demand from institutional investors, outflows from exchange-traded funds, and persistent geopolitical risks.

Data on U.S. spot Bitcoin ETFs served as a key negative signal. According to CoinDesk, citing SoSoValue, the funds recorded $4.5 billion in net outflows in June—the worst month since the launch of such products in January 2024. The previous record low was $3.48 billion in February 2025.

Against this backdrop, Citigroup lowered its 12-month forecast for Bitcoin from $112,000 to $82,000, and for Ether from $3,175 to $2,240. The bank attributed the revision to weaker investor interest, outflows from ETFs, and a lack of rapid progress in U.S. crypto regulation. Citi also lowered its expectations for net inflows into Bitcoin ETFs from $10 billion to zero.

This week’s regulatory developments focused primarily on stablecoins. In the UK, the FCA eased its final requirements for stablecoin issuers, lowering the proposed capital reserve from 2% to 1% of the issuance volume. The final rules are set to bring the crypto-asset sector fully under FCA supervision starting in October 2027.

This is an important signal for the global market: jurisdictions are beginning to compete not only for crypto exchanges but also for tokenized payment infrastructure. Following the U.S.’s increased focus on dollar-pegged stablecoins, the UK is attempting to make its own regulations more proportionate so as not to lose companies that work with payment tokens.

Another trend of the week is the continued shift of Bitcoin miners toward AI and data centers. Reuters reported that the Hunt and Crow families—both American billionaires—along with Nasdaq-listed company Empery Digital, have signed an agreement for a $230 million industrial facility with a capacity of 150 MW and plan to convert it into a hyperscale data center. The parties also signed a non-binding letter of intent for a $1 billion lease with a cloud computing company.

Another telling example is Ionic Digital, which positions itself as a Bitcoin miner and AI infrastructure company, and has filed for a direct listing on Nasdaq. This confirms a structural shift in the sector: for some miners, the key asset is no longer so much hash rate as access to electricity, land, substations, and permits for data centers.

For miners, this diversification has been a response to the deteriorating economics of Bitcoin mining following the halving, high network difficulty, and weaker BTC prices. Reuters previously noted that crypto miners are increasingly using large energy facilities for AI computing, as mining profitability remains volatile and demand for AI data centers is growing rapidly.

The week also saw a shift in investor sentiment. After a strong first half of the year for AI-related stocks, part of the market began looking for an opportunity to rotate back into Bitcoin following a deep correction. CoinDesk noted that a loss of momentum in the memory and semiconductor stock segments could raise the question of capital flowing back into BTC; however, traders are not yet showing full confidence in the sustainability of the rebound.

In practical terms, the market situation looks like this: Bitcoin has recovered above $60,000 but has not received sufficiently strong institutional validation via ETFs. Ethereum remains under pressure from weaker network activity and lower forecasts, while stablecoins and AI data centers are becoming the most dynamic segments of crypto infrastructure.

In the coming weeks, key market drivers will remain the dynamics of inflows and outflows in spot ETFs, macroeconomic expectations regarding U.S. interest rates, regulatory signals regarding stablecoins, and Bitcoin’s ability to consolidate above $60,000. If ETF outflows continue, the market may revert to a defensive scenario. If institutional demand stabilizes, July could be a month of technical recovery following a weak June.

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