Bitcoin's drop below $80,000 could trigger a year-end sell-off.

U.S. Representative Maxine Waters stated that Democrats are pushing for legislation related to Bitcoin and cryptocurrencies, aiming to regulate the industry and limit Trump's crypto policies. This legislation aims to establish rules for legitimate cryptocurrency businesses and protect consumers. (The Bitcoin Historian)

The U.S. spot Bitcoin ETF has seen a net outflow of $415.9 million since the beginning of 2026. The net outflow in June alone was US$4.51 billion.

The U.S. Treasury Department stated that FinCEN's order severed MEXC Global's ties with the U.S. financial system. MEXC Global's transactions are linked to sanctions circumvention activities by Iran, North Korea, and Russia. (Source: Reuters)

Hyperliquid Strategies holds approximately $3.5 billion in HYPE and stated that quarterly deployments and FCM applications are part of the same strategic layout.

Bloomberg analyst Mike McGlone said that if Bitcoin falls below $80,000, it could trigger a sell-off at the end of the year. Bitcoin has currently fallen 6%, with the price dropping to $75,600. (Source: Bloomberg)