Bitcoin closed June just shy of the $60,000 mark, posting a marginal 1.12% gain to end the month at approximately $59,182.
The slight uptick offered little relief to a market weighed down by sustained institutional selling and a firm US dollar that has kept risk assets under pressure throughout the quarter.
Despite the digital asset briefly reclaiming the $60,000 threshold earlier in the week, it failed to hold ground as selling pressure intensified.
The price action underscores a disconnect between short-term technical bounces and broader structural headwinds.
Despite the digital asset briefly reclaiming the $60,000 threshold earlier in the week, it failed to hold ground as selling pressure intensified.
The inability to break through this psychological level signals that buyer interest remains cautious, with traders unwilling to commit capital without clearer macroeconomic signals.
Fund flows have emerged as the primary drag on the cryptocurrency sector.