Bitcoin Bear Market, ETH Cuts and World Cup Crypto Betting

Bitcoin Bear Market, ETH Cuts and World Cup Crypto Betting

June 29, 2026 · 32 min

About this episode

The episode discusses the current state of Bitcoin and Ethereum, market trends, and the impact of the upcoming FIFA World Cup on crypto betting.

Is Bitcoin still in a bear market?In this episode of **The Weekly**, David Sencil and Graham Stone break down Bitcoin's prolonged move below its 200-day moving average, accelerating spot Bitcoin ETF outflows, and why Strategy's STRC structure continues to weigh on market sentiment.They also discuss the Ethereum Foundation's restructuring, the launch of Eth Labs, USDT briefly surpassing ETH by market cap, evolving stablecoin regulation, and how the 2026 FIFA World Cup is driving a surge in crypto-based prediction markets and sports betting.Whether you're following Bitcoin, Ethereum, stablecoins, macro trends, or crypto adoption, this episode covers the biggest stories shaping the market this week.🎧 Follow *The Weekly* on Spotify and turn on notifications so you never miss new episodes.Chapters:00:47 - Welcome back and episode overview01:23 - Bitcoin bear market and ETF outflows03:44 - BlackRock iBit and broader ETF pressure05:00 - Macro headwinds and Fed rate expectations07:41 - Bitcoin valuation and the power law mean08:17 - Dollar strength and Michael Saylor09:27 - Strategy, STRC, and dividend questions13:45 - Market skepticism and STRC’s peg16:48 - Why some are turning…

People in this episode

Hosts: David Sencil, Graham Stone

Topics covered

Keywords

Mentioned in this episode

Organizations: Ethereum Foundation, Eth Labs, USDT, Bitcoin.com, BlackRock, Bank of England

Products: Bitcoin, Ethereum, STRC, MSTR

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