Grayscale released a market analysis on June 29, 2026. The report identified key factors behind Bitcoin's recent price drop below $60,000.
The analysis points to shifting Federal Reserve rate hike expectations. It also cites uncertainty and delays surrounding the CLARITY Act for digital asset regulation. Financial pressures on major corporate Bitcoin holders are also noted as primary headwinds.
The asset manager suggests a market bottom for Bitcoin could be near if these risks subside. Grayscale's head of research, Zach Pandl, noted a favorable outcome would involve the CLARITY Act passing, corporate balance sheets stabilizing, and the Fed refraining from rate hikes.
The firm warned that if these downside risks materialize, Bitcoin could experience further moderate price declines.