Week in Review: Bitcoin volatility and Russia clarifies crypto's status | ForkLog

Bitcoin’s weekly swings and regulatory headlines shaped crypto markets in the period summarized by ForkLog, starting with price action around $64,000. Early in the week, bitcoin jumped from near $64,000 to a local peak of $67,278 on Binance, driven mainly by reports of a U.S.–Iran truce and tempered by weak demand. After a Thursday meeting of the U.S. Federal Reserve with Kevin Warsh, bitcoin fell below $64,000 as the U.S. central bank held the key rate at 3.5%–3.75% and left room for a potential increase. On Friday, June 19, it dropped to $62,000 amid renewed Middle East uncertainty, with J.D. Vance postponing a Switzerland trip related to Iran talks. The article notes outflows from spot ETFs—about $5.43 billion since mid-May—and Russia’s Supreme Court expanding theft-related property definitions to include digital assets. ESMA also reminded firms about MiCA compliance.