# Bitcoin CRASHES To 21-Month Low As Circle DUMPS 17%

Page: https://stenobird.com/podcast/the-wolf-of-all-streets-1215618/bitcoin-crashes-to-21-month-low-as-circle-dumps-17
Text version: https://stenobird.com/podcast/the-wolf-of-all-streets-1215618/bitcoin-crashes-to-21-month-low-as-circle-dumps-17.md
Podcast: [The Wolf Of All Streets](https://stenobird.com/podcast/the-wolf-of-all-streets-1215618)
Published: 2026-07-01T13:53:00+00:00
Episode link: https://pdst.fm/e/pdst.fm/e/traffic.megaphone.fm/MANA9996525819.mp3
Audio file: https://pdst.fm/e/pdst.fm/e/traffic.megaphone.fm/MANA9996525819.mp3
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JSON: https://stenobird.com/v1/public/podcasts/the-wolf-of-all-streets-1215618/episodes/bitcoin-crashes-to-21-month-low-as-circle-dumps-17
Duration seconds: 2845

## Resource

Bitcoin just cratered to $57K — a fresh 21-month low, the lowest since September 2024 — as the token sliced through its 200-week moving average, historically a signal of prolonged bear markets. Fed rate HIKE fears from Kevin Warsh and mounting concerns over Strategy's new $1.25 BILLION sell authorization are stripping Bitcoin's biggest structural bid, with June ETF outflows now confirmed at a record $6 BILLION. Meanwhile the biggest stablecoin story ever just dropped: 140+ giants — including BlackRock, Visa, Stripe, Mastercard, Amex, Google, Samsung, Shopify, Coinbase, and Ripple — just launched Open USD (OUSD), a USDC killer with zero mint/redeem fees and reserve earnings shared with partners. Stripe's president declared OUSD "the DEFAULT stablecoin for businesses running on Stripe," and Circle stock (CRCL) crashed 15% overnight. Add Trump's disclosed $1.4 BILLION in 2025 crypto earnings blowing up the Clarity Act ethics fight — and we break down whether Bitcoin's bottom is in, or if this is just the start of something much worse. Learn more about your ad choices. Visit megaphone.fm/adchoices

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