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Crypto

Bitcoin slides to $62,000; Middle East situation and ETF flows in focus

Bitcoin fell to the $62,000 level this week as worsening U.S.-Iran relations coincided with selling pressure from institutions. A weekly report by a Bitbank market analyst cited rising geopolitical uncertainty after Iran halted nuclear talks with the United States, stronger-than-expected U.S. labour indicators that lifted rate-hike pressure, and news that Strategy sold part of its bitcoin holdings. U.S. spot bitcoin ETFs also posted 14 straight sessions of net outflows through June 3, before turning to a small inflow on June 4.

Crypto

U.S. 401(k) retirement market could open to cryptocurrencies

The U.S. retirement market is nearing a turning point as the $10 trillion 401(k) sector could allow cryptocurrencies as regulated assets after years of uncertainty. The Labor Department withdrew its 2022 warning in May 2025 and later, on Aug. 7, 2025, President Donald Trump signed an order classifying cryptocurrencies as alternative assets. The department is drafting new fiduciary standards, though technical integration and strict ERISA duties may slow adoption.