Gold notched its third consecutive weekly decline after a firmer dollar and a hawkish Federal Reserve erased an early-week rally tied to easing tensions between the United States and Iran. Spot gold began the week near $4,214 per ounce on June 13. It rose to $4,330 to $4,380 by midweek on optimism around a U.S.-Iran truce deal involving President Trump.

Michael Saylor said Strategy has added more than 716,000 BTC since a balance-sheet stress period in 2022. He said the company raised more than $60 billion in additional capital and put it into Bitcoin. Saylor also pointed to a claimed $48 billion reserve buffer, saying BTC and dollar reserves now exceed debt by that amount.

Bitcoin remains under heavy pressure after breaking down decisively from a multi-month rising channel. Buyers defended the $60K support area and sparked a short-term rebound. Even so, the broader setup still favors sellers unless BTC can reclaim several key resistance levels above.

Bitcoin is seeing a sharp rise in transaction activity driven by record-high counts. However, most of the increase is concentrated in low-value transfers, leaving the average value per transaction subdued. The pattern points to protocol-driven usage in which volume is high but economic value is limited.

Strategy has moved from losses in 2022 to a position where its cash reserves and Bitcoin holdings exceed total debt by about $48 billion. The company’s Bitcoin stash has risen to 846,842 BTC, valued at $54.4 billion. The shift follows years of continued accumulation, including capital raised via debt and equity offerings to expand its holdings.

Market conditions for Bitcoin are starting to improve as exchange selling pressure eases and derivatives positioning cools. Exchange Netflow has returned to negative territory, while funding rates have dropped sharply and open interest has risen only slightly. The setup suggests early signs of stabilization, but stronger spot demand is still needed to confirm a sustained recovery.

The CLARITY Act is on the U.S. Senate calendar, but Polymarket odds of it being signed into law before the end of 2026 have fallen from 82% to 47%. The bill still faces four remaining hurdles in Congress, even after advancing through earlier steps. The original July deadline has slipped as the Senate’s legislative calendar tightens.

Bitcoin analysts are split as BTC draws buying interest on pullbacks but continues to struggle beneath resistance around $64,000–$65,000. Some chart watchers argue demand is starting to outweigh supply, while others view the rebound as a retest of resistance rather than a confirmed reversal. The market’s next cue hinges on whether buyer demand can translate into a sustained move above that ceiling.