Bitcoin Under Pressure Following Trump, Warsh Comments

Bitcoin remains under pressure after $2.1 billion of net outflows from US-listed spot ETFs so far in June and a persistent discount versus global Bitcoin/USDT pairs. The token has failed to hold above $80,000 since mid-May, and Coinbase’s BTC price in USD has traded at a discount to international USDT-based exchanges for the past five weeks.

US markets traded down after President Donald Trump said the memorandum of understanding with Iran was not final, stoking fears that oil flows through the Strait of Hormuz may not clear quickly and could add to inflation. Although Trump said a formal signing expected on Friday should please markets and might push oil prices lower, he also warned of further bombings if Iran did not “behave.” Crude Brent fell to its lowest level in 100 days, while yields on US Treasuries stayed at 4.16%.

Macro data and central bank dynamics are adding to caution. US retail sales showed 6.9% year‑over‑year growth from May 2025, a rise likely reflecting higher costs such as fuel.

United States

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