This week, geopolitical tensions and the uncertainty surrounding global markets were quite influential. As the war between Iran and Israel continued, it was discussed that the US could also be involved in the war. Growing geopolitical tensions led to money outflows from cryptocurrencies, especially Bitcoin. Risky assets were not preferred this week either. On the other hand, the Fed left interest rates unchanged despite US President Donald Trump’s insistence. The Fed attributed this week’s interest rate decision to the risk of rising inflation. In a statement after the Fed left interest rates unchanged, Trump expressed his dissatisfaction with Powell’s management. Although Bitcoin started the week at $108,950, it touched $102,350 with a sharp decline towards the last days of the week.
Here’s what happened in the crypto market last week…
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Companies Keep Buying Even As Bitcoin Price Plummets
Although Bitcoin strengthened its “digital gold” narrative with the institutional interest that started in late 2024, it could not escape being a risky asset. Popular cryptocurrency continues to be negatively affected by geopolitical tensions and uncertainty in global markets.
Bitcoin rose nearly 2 percent to $108,950 on the first trading day of the week, but fell to $102,350 in the following days due to the increasing uncertainty environment. This decline was considered by experts as a potential buying opportunity. Although the Israeli-Iranian war suppressed Bitcoin, corporate purchases continued. Companies in many countries, especially in the US, accumulated Bitcoin. Strategy bought over $1 billion worth of Bitcoin this week.
Many companies that dominate global markets have stated that the Bitcoin price will set a new record by the end of the year.
Giant Plan: 105,000 Bitcoins!
Semler Scientific, which is traded on the NASDAQ stock exchange, made an announcement that moved the crypto market in the last days of the week. The company announced that it will buy 105,000 Bitcoins by 2027, part of its efforts to aggressively increase its treasury reserves. After the US-based technology company Strategy, many corporate companies started to turn to Bitcoin. One of these companies, Semler Scientific, characterized its 105,000 Bitcoin purchase strategy as a core balance sheet strategy rather than a short-term strategy. Experts believe that the purchase of 105,000 Bitcoin will provide a huge inflow of money into the crypto market and institutional demand will increase day by day.
The Cost of Mining Bitcoin Rises
As companies accumulate Bitcoin as part of strategic reserve and balance sheet planning, the cost of mining, one of the cornerstones of Bitcoin, is rising. The cost of producing Bitcoin reached a historic high in the second quarter of 2025, reaching over $70,000. According to a report published by TheMinerMag, the main reason for the increase in mining costs is the increase in network difficulty and energy costs. The report stated that the cost of Bitcoin production was around $52,000 in the last quarter of 2024 and exceeded $70,000 in less than a year. The fact that Bitcoin halving occurs every four years indicates that mining costs will increase parabolically. Experts believe that the Bitcoin price will continue to rise with rising production costs.
Stablecoin Law Ready in the US
According to published data, stablecoins accounted for 28 percent of total cryptocurrency trading volume in the first quarter of 2025. TRM Labs reported that stablecoins accounted for at least 4 percent of the cryptocurrency market value throughout 2024 and 2025. The stablecoins used in the market are pegged to the US dollar. This situation is forcing the US to take action to create regulatory clarity. The GENIUS Act, passed by the US Senate, will provide regulation and clarity for stablecoins. US President Donald Trump has stated that the legislation should come before him and be approved as soon as possible.
Important Data in Bitcoin: Supply is Hiding
It is noteworthy that Bitcoin is being adopted day by day and increasing its global awareness. According to a report published by Fidelity Digital Assets on June 18, an average of 566 BTC is included in the “ancient supply” category every day. This category represents wallets that have been inactive for a long time and do not plan to sell. On the other hand, the current daily Bitcoin issuance is 450 BTC. Reports show that more than the BTC generated daily is shifting to long-term wallets. Experts say this data represents accumulation and supports the parabolic rise of the BTC price.
First Official Stablecoin in the US
The US state of Wyoming is preparing to launch its state-backed stablecoin project WYST. The project, which is expected to go into effect this summer, is being extensively prepared by experts. Wyoming officials are researching potential blockchains for WYST, the first official stablecoin in the US. In a report published this week, the authorities listed the most important candidates. The finalists were Aptos, Solana and Sei blockchains.
The Sei team has begun to make statements confident that they will become Wyoming’s official stablecoin blockchain. These statements enabled SEI to rise 10 percent in the falling market.
Wyoming has narrowed its list of candidates for potential blockchains to cooperate with to 11. One of these platforms will be a state-level crypto service provider. The list, in which Aptos, Solana and Sei compete fiercely, includes Arbitrum, Avalanche, Base, Ethereum, Polygon, Optimism and Stellar.
