Bitcoin Faces Pressure Below $60K Amid ETF Outflows and Fed Policy Shift

Bitcoin's price has been struggling to hold above $60,000, slipping nearly 0.8% in 24 hours to trade at around $59,457 on June 30, 2026.

This decline comes despite a broader crypto market that edged up by 0.8%, with Ethereum (ETH) outperforming with gains between 1.27% and 1.99%.

The divergence highlights Bitcoin's current vulnerability amid structural and macroeconomic headwinds, particularly the sustained outflow from US spot Bitcoin Exchange-Traded Funds (ETFs).

On June 29, 2026, these ETFs recorded a net withdrawal of $231 million, marking the eighth consecutive day of outflows, with June on track to see over $4 billion in total outflows.