Bitcoin (CRYPTO: BTC) ended the year's second quarter down roughly 11% as ETF outflows, Strategy (NASDAQ:MSTR) buying, and stablecoin supply all weakened at the same time.
Bitcoin Rallied To $82,000 In April Then Reversed Hard Crypto entered Q2 with momentum, with Bitcoin and Ethereum (CRYPTO: ETH) both climbing roughly 20% from early April as geopolitical anxiety briefly eased and institutional demand improved.
That recovery didn't hold.
Three forces hit at once: oil prices spiked with Brent crude hitting $126.41, the Fed turned more hawkish, and capital started rotating into AI stocks where earnings momentum stayed intact.
The divergence became clear toward the end of May.
