😋 Bitcoin Is Back To $61,000!

But Peter Schiff is still banging the drum against MSTR.

Author

Ivan
July 02, 2026

Happy Thursday!

Bitcoin has finally caught a bit of a relief rally back to $61,000. That comes in the face of over $8 billion in ETF outflows in 2 months. Can the rally hold?

Peter Schiff is having a field day with the uncertainty and doubt around MSTR. He said Michael Saylor ran out of 'people ‘willing to overpay’ for the stock — and now things will get ugly.

Plus, take advantage and get 50% off Benzinga PRO and get market-moving news up to 15 minutes before other investors do. From live audio squawk and scanners, to smart alerts and earnings, it’s all in one terminal.

TOP STORY

Bitcoin Surges Above $61,000 Despite Almost $8.5 Billion In ETF Outflows In 2 Months

Bitcoin climbed back above $61,000 Thursday after Federal Reserve Chair Kevin Warsh struck a softer tone at the Sintra economic forum.

The relief rally held firm despite a sector-wide AI chip selloff that wiped $290 billion off Korean tech giants, and even as spot ETFs registered $8.5 billion in cumulative outflows since May 6.

While a loss of current support would open a slide to $40,000, Friday’s U.S. jobs report is the ultimate swing factor…

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Get 50% off Benzinga PRO and get market-moving news up to 15 minutes before other investors do. From live audio squawk and scanners, to smart alerts and earnings, it’s all in one terminal.

MARKET MINUTES

XRP is finally back on offense and up 5% over the past 24 hours. Is this the start of something bigger or just a dead-cat bounce?

Donald Trump ran on being the crypto president. But now that he made 9 figures with his crypto ventures, people are asking: is Trump the reason why Bitcoin is down 50%?

Robinhood is doubling down on bridging traditional finance and crypto. The company announced a new public blockchain and a fresh tokenization push: here are the details.

FINTECH FOCUS

Strategy has entered a terminal "death spiral" as its preferred stock STRC plunged to trigger a 15% market yield.

Gold bug Peter Schiff warns the company's leverage model is permanently broken now that the stock trades below its asset value.

Schiff argues that because Saylor can no longer issue overpriced equity to buy Bitcoin — he is trapped in a doom loop where falling prices will force him to dump BTC to maintain cash reserves.

Dismissing "digital gold" as a speculative distraction, Schiff expects real gold to launch from its $4,000 base to reach $6,000 next year…

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