Key takeaways

• Bitcoin remained under pressure after Iran announced that it would not permit inspectors from the International Atomic Energy Agency (IAEA) to access its damaged nuclear facilities, 
• The leading cryptocurrency has dropped to the $62,300 level, down 3.5% in the last 24 hours. 

Bitcoin (BTC) continued to trade below the $63,000 level on Tuesday as mixed signals from the United States and Iran regarding nuclear negotiations kept geopolitical tensions elevated. At the same time, ongoing institutional selling and continued outflows from spot Bitcoin exchange-traded funds (ETFs) limited the cryptocurrency’s upside potential despite diplomatic efforts.

Conflicting US-Iran signals weigh on market sentiment

Bitcoin remained under pressure after Iran announced that it would not permit inspectors from the International Atomic Energy Agency (IAEA) to access its damaged nuclear facilities, raising fresh concerns about the progress of ongoing negotiations.

Iranian Foreign Ministry spokesperson Esmaeil Baghaei stated that no meeting had taken place between Iranian officials and IAEA Director General Rafael Grossi in Switzerland. The comments contradicted earlier remarks from US Vice President JD Vance, who suggested the talks included agreements related to IAEA inspections.

“There was no protocol for such inspections,” Baghaei said.

While US President Donald Trump and Vice President Vance have expressed optimism about the progress of nuclear discussions, Iranian officials maintain that no new commitments have been made. The conflicting narratives have renewed uncertainty surrounding negotiations between Washington and Tehran, encouraging investors to remain cautious and reducing appetite for risk assets such as cryptocurrencies.

Markets may also experience heightened volatility due to a major quarter-end portfolio rebalancing event.

Analysts at JPMorgan estimate that institutional investors could sell approximately $165 billion worth of equities while purchasing a similar amount of bonds before the end of the second quarter. Such a large-scale asset reallocation would represent the biggest shift in at least four years and could create significant volatility across multiple asset classes.

Institutional demand for Bitcoin continues to weaken as spot Bitcoin ETFs recorded additional outflows at the start of the week.

Data from CoinGlass shows that spot Bitcoin ETFs experienced net outflows of $68.30 million on Monday, following $226.84 million in withdrawals during the previous week. The latest figures mark the sixth consecutive week of net outflows.

Although Monday’s withdrawals were smaller than those recorded in recent weeks, the persistent trend continues to weigh on Bitcoin’s price outlook. Analysts warn that a further acceleration in outflows could trigger a deeper correction in the market.

Bitcoin price outlook: $64K remains key resistance

Bitcoin was trading near $62,350 at the time of writing, maintaining a bearish short-term outlook as the asset remains below several key Exponential Moving Averages (EMAs).

The cryptocurrency faced rejection at the important horizontal resistance level of $64,004 on Monday, highlighting the market’s inability to sustain upward momentum.

Technical indicators present a mixed picture. The Relative Strength Index (RSI) remains subdued near 34, signaling weak momentum. 

However, the Moving Average Convergence Divergence (MACD) histogram remains in positive territory, suggesting that selling pressure may be easing rather than accelerating.

On the upside, Bitcoin’s first major hurdle remains the $64,004 resistance level. A successful breakout could open the door for a move toward the 50-day EMA at $68,821 and the 100-day EMA at $71,922.

Beyond these levels, the 200-day EMA at $77,528 and the horizontal resistance zone near $84,410 represent significant medium-term barriers.

On the downside, traders are closely monitoring the psychological $60,000 level. A decisive daily close below this support could trigger a deeper corrective phase and increase downside risks in the near term.

Meta (META), the parent company of Facebook, is developing a new app called “Arena” that mirrors a prediction market platform, according to people familiar with the matter who spoke with the New York Times.

The product would allow users to make forecasts about future events, ranging from politics and sports to entertainment and world affairs. However, unlike traditional prediction market platforms such as Polymarket or Kalshi, users would likely rely on a video game-like points system instead of cash, the people said, although the company has not ruled out the eventual use of real-money betting.

The people described the product as both experimental and a top priority inside the company.

The effort comes as prediction markets have gained unprecedented popularity following Polymarket’s breakout success during the 2024 U.S. presidential election, when traders came to the crypto-based platform to place bets on electoral outcomes, driving billions of dollars in trading volume and elevating prediction markets into the mainstream political conversation.

Meta had previously launched a similar product called Forecast in 2020, which encouraged users to make predictions about current events and emerging trends during the early stages of the Covid-19 pandemic. Meta ultimately took down the product in 2022.

Worldcoin has fallen nearly 12% while Robinhood has added the token to its trading platform, bringing fresh attention to the project as allegations linked to co-founder Sam Altman continue to weigh on sentiment.

According to a June 23 X announcement by Robinhood, users of the brokerage platform can now trade Worldcoin (WLD), giving the token exposure to a broader retail investor base despite ongoing market turbulence.

The listing arrives during a difficult period for the project. At the time of writing, Worldcoin (WLD) was trading around $0.53 after dropping almost 15% over the past 24 hours.

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Although listings on major exchanges and brokerages often improve liquidity and visibility, traders appeared reluctant to chase the news. The token remains well below its recent June peak near $0.70 despite gaining access to Robinhood’s customer base.

Selling pressure persists despite Robinhood listing

Market attention has increasingly turned toward allegations involving Altman and entities connected to the Worldcoin ecosystem.

A report highlighted by podcaster Katie Miller said internal investigations at Orb, a startup associated with Worldcoin, examined payments allegedly approved by company leadership to a foreign entity. According to the report, those payments were intended to influence the market performance of the WLD token.

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The allegations have added another layer of uncertainty around a project that has already faced criticism over its biometric identity verification system and token distribution model.

Earlier this month, Worldcoin also drew attention after BitMEX co-founder Arthur Hayes disclosed that he had sold his WLD holdings. His exit added to concerns among traders already navigating increased volatility across the token.

Token unlock reduction approaches in July

At the same time, Worldcoin is preparing for a change in its token issuance schedule. According to project details, Worldcoin is expected to reduce its token unlock rate beginning on July 24, 2026. Lower unlock rates typically slow the pace at which new tokens enter circulation and can reduce selling pressure from newly released supply.

The planned adjustment has prompted discussion among traders because supply-related changes have historically influenced price action in crypto markets. Yet recent trading suggests investors remain more focused on the controversy surrounding the project than on upcoming tokenomics changes.

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Separately, renewed discussion about a potential future public listing of OpenAI has brought additional attention to Altman-linked ventures, including Worldcoin. While no direct connection exists between OpenAI’s corporate plans and Worldcoin’s token economics, the heightened visibility has kept the project in market conversations.

For now, technical indicators suggest traders are becoming increasingly cautious despite Robinhood’s listing. On the daily chart, WLD has retreated to the 61.8% Fibonacci retracement level near $0.53 after failing to hold above $0.60, while the MACD has produced a bearish crossover and its histogram has slipped below zero.

The relative strength index has also fallen sharply from recent highs, signaling fading buying pressure following the token’s rally to nearly $0.70 earlier this month.

A sustained move below $0.53 could open the door for a deeper retracement toward $0.48 and potentially $0.42, whereas a recovery above $0.62 would be needed to ease immediate downside pressure.

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SpaceX stock has remained under pressure after Susquehanna initiated coverage with a $170 price target while warning that the company’s valuation depends on aggressive growth assumptions.

According to a research note from Susquehanna, the brokerage assigned SpaceX a neutral rating and set a $170 target for the stock as shares continue trading below their $150 debut price following a sharp post-listing rally and subsequent pullback.

The firm projects SpaceX revenue to grow at an 81% compound annual growth rate between 2025 and 2028, while adjusted EBITDA is expected to expand at a 76% CAGR during the same period. Even with those forecasts, Susquehanna cautioned that the stock’s current valuation requires premium multiples and leaves room for multiple outcomes as several of the company’s businesses operate in markets that remain relatively untested.

At current levels, the brokerage said it would prefer to wait for a more attractive entry point before becoming more constructive on the stock.

Analysts point to growth drivers but remain cautious

In its coverage report, Susquehanna highlighted four factors supporting the company’s long-term case. The first was SpaceX’s leading position in the rocket launch industry, which continues to provide a competitive advantage over rivals.

Beyond launch services, the analysts identified Starlink as a major source of future growth. The report also pointed to the company’s early-stage artificial intelligence initiatives and its ability to build large-scale AI infrastructure. Completing the list was CEO Elon Musk, whom Susquehanna described as a proven operator with a record of building and scaling businesses.

Even so, the brokerage argued that much of the expected growth may already be reflected in the current valuation.

As crypto.news reported, analysts at KeyBanc adopted a similar stance on Monday, initiating coverage of SpaceX with a neutral rating. The cautious outlook from both firms has emerged as the company reportedly seeks to raise up to $20 billion through its first bond offering.

Investor attention has also turned to how other high-profile private-market assets have traded after gaining broader access to retail participants. Anthropic pre-IPO futures, for example, have fallen as much as 9% since their Coinbase debut despite the artificial intelligence company announcing a partnership with Micron Technology. The decline suggested traders remained focused on future valuation risks rather than recent business developments.

Supply concerns add to pressure on shares

Elsewhere, economist Peter Schiff raised concerns about the stock’s future supply dynamics in a June 23 X post.

Schiff argued that the relatively small public float helped fuel SpaceX’s explosive first-day gains. However, he warned that the number of shares available for trading could increase substantially over time. According to Schiff, the float may expand from roughly 640 million shares to 7.5 billion shares by Dec. 8, representing an increase of nearly twelvefold.

“That’s a massive supply overhang for a stock priced for perfection and already falling.”

Despite those concerns, some institutional investors have continued adding exposure. As previously reported by crypto.news, ARK Invest purchased over 210,000 SpaceX shares worth nearly $32.5 million after the recent decline.

SpaceX stock fell below its $150 debut price earlier in the session before recovering. Data from Yahoo Finance showed that the shares changed hands around $158.40 at press time, up 2.4% on the day but still down more than 17% over the past five trading sessions.

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About Kooc Media

Kooc Media is a specialist PR distribution agency founded in 2017, serving clients in the crypto, fintech, AI, technology and iGaming industries. The agency operates its own network of online publications and distributes content through a partner network reaching hundreds of outlets globally. Services include press release writing, guaranteed placements, sponsored content and full newswire syndication.

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Disclaimer: This is a Press Release provided by a third party who is responsible for the content. Please conduct your own research before taking any action based on the content.

The European Parliament has advanced legislation for a digital euro, bringing the EU closer to launching a central bank digital currency, while the U.S. moves to restrict similar efforts.

According to a June 23 decision by the European Parliament’s Economic and Monetary Affairs Committee, lawmakers backed the proposed framework for a digital euro, a key step in the legislative process that could pave the way for a launch by 2029.

The vote arrives as European policymakers examine the region’s dependence on foreign payment infrastructure. Data cited by the European Central Bank shows that Visa and Mastercard handle 61% of card payments in the euro area and nearly all cross-border card transactions.

European officials have argued that a digital euro could strengthen the bloc’s payment system by providing a public digital payment option issued directly by the ECB. Under the proposal, consumers would hold digital euros in dedicated wallets, while banks and payment providers would offer services connected to the system.

The digital euro remains under development

Within the proposed framework, the ECB would operate the core infrastructure while financial institutions would manage customer-facing services. According to the proposal, the system could support both online and offline payments and include privacy safeguards for users.

Holding limits for digital euro wallets have not yet been finalized and remain part of ongoing negotiations among European institutions.

European authorities have repeatedly stated that the digital euro is intended to complement physical cash rather than replace it. Following the committee vote, the ECB welcomed the outcome, stating that the European Parliament’s position supports both the preservation of euro cash as legal tender and the development of a digital version of the currency.

Although the ECB has warned that stablecoins could create risks for the financial system, the central bank has continued to support the digital euro project as part of its long-term payments strategy.

Elsewhere in Asia, central banks are also exploring digital finance initiatives. As reported by crypto.news, Bank of Korea Governor Shin Hyun-song said in his inaugural speech in April that the central bank would support innovation in blockchain-based finance while maintaining the stability of South Korea’s payment and settlement systems. He added that the bank would work to strengthen the role of the Korean won in an increasingly digital financial environment.

U.S. lawmakers take the opposite route

While Europe advances work on a central bank-issued digital currency, policymakers in the U.S. are pursuing a different approach.

The U.S. Senate recently approved the 21st Century ROAD to Housing Act in an 85-5 vote. Included in the legislation is a provision that would prevent the Federal Reserve from creating a CBDC or a similar asset before the end of 2030.

The Senate’s position aligns with President Donald Trump’s support for privately issued stablecoins rather than a Federal Reserve-backed digital currency.

At the same time, U.S. lawmakers continue to work on crypto-specific legislation. The CLARITY Act, which seeks to establish a clearer regulatory framework for digital assets, remains under consideration as Congress debates the future structure of the country’s crypto market.