Markets have moved quickly to price in a US-Iran peace deal and improving macro conditions. Crypto has participated, but more cautiously. This week's VIP Desk explores what's driving the divergence and the signals that could determine what comes next.
Crypto enters June caught between regulatory progress and fading momentum. With the CLARITY Act advancing and payrolls week ahead, markets remain focused on macro conditions and rate-cut expectations.
Macro pressure intensified across crypto markets this week as ETF outflows, oil volatility, and US-Iran tensions weighed on sentiment despite continued institutional positioning across digital asset infrastructure.
Macro pressure, ETF outflows, and rising Treasury yields failed to trigger deeper downside this week, as resilient price action supported sentiment across digital asset markets.
Bitcoin faced its toughest macro week of 2026, with nearly US$2B in ETF outflows and surging Treasury yields. But structural tailwinds, from CLARITY Act progress to South Carolina's landmark legislation, held firm.
Renewed uncertainty around the Fed’s rate path and Moody’s downgrade of the US credit outlook pressured global risk assets this week. Bitcoin tested key support levels as macro sentiment deteriorated across risk markets.