June | Newsletter

A heatwave across Europe. Earthquakes around the world. The bottom is hopefully near. And the markets are simmering.

Big crypto players winding down their activity on the European market over missing MiCA licences could trigger a reshuffle of their clients. And if any broken pattern makes you nervous, Strategy’s brief loss of parity won’t help you sleep any better.

Crypto bear markets can be brutal. So far, though, this one is still a fairly average wave.

🎙️ News

The biggest Bitcoin ETF outflows since 2024. June was bearish. Bitcoin opened the month around $73,700 and fell below $59,000 towards the end — its lowest level in months. The main cause: record outflows from US spot ETFs. In a single week, $3.4 billion left the funds, the most since their launch in 2024. [Source]

Binance winds down EU services from July 1. The EU’s MiCA regulation is now fully in force, and exchanges without the licence may no longer offer services in the EU. Binance withdrew its application in Greece and told its users it would scale back its activity in the EU. Users can still withdraw their funds from Binance after that date and move them to a provider that did get licensed. [Source]

Do you or your friends use Binance? Tell them about Invity and move your bitcoin to us. You can use our referral program to do it. We were among the first in the Czech Republic to receive a MiCA licence 😏

Strategy briefly lost its parity. For the first time in its history, Strategy (MSTR) briefly saw its market value fall below the value of the bitcoin it holds. According to analysts, it’s a turning point that undermines the advantage that had allowed the company to keep buying ever more bitcoin. [Source]

The Fed turns hawkish under new leadership. On June 17, the US central bank left rates at 3.50–3.75% and dropped any hints of cuts from its statement. It was the first meeting under new chair Kevin Warsh. A stronger dollar and higher bond yields added pressure on risk assets, including Bitcoin; capital flowed mainly into tech stocks and AI companies. [Source]

📱 What’s new in the app

🚀 Lower Turbo Buy fees: we’ve cut them from 14% to 9.9%.

🆕 New Cash Out service — interested in getting liquidity for your bitcoin?

🎙️ Where we’ve been & where we’re going

In June we made the whole BTC Prague conference hall ring. Quite literally. Every day, visitors tried to slam a giant hammer as hard as they could to win the main prize of €600 in bitcoin. We may be a little biased, but we think we had the very best booth — and an activity that was hard to resist. Thanks to everyone who stopped by. We had a great time and hope you did too.

You can already watch the talk by Štěpán Uherík, the man behind our flagship product Turbo Buy, on the BTC Prague YouTube channel.

Colours of Ostrava, July 15–18. In July we’re heading to the Colours of Ostrava festival. We’ll have a booth with great activities, education, a talk and a chill zone too. If you’re going to the festival, be sure to stop by!

🎓 Education corner

Bear market

/beə ˈmɑːkɪt/ · A prolonged period when prices fall and pessimism prevails.

We speak of a bear market when the price keeps falling over a longer period, usually by more than 20% from the last peak. Caution tends to prevail among investors. The opposite is a bull market, when prices rise and the mood is optimistic. Both phases have alternated regularly throughout Bitcoin’s history.

If you look at a Bitcoin chart, you’ll notice its cycles usually run in four-year periods. A major influence is the so-called halving — a technical event in Bitcoin that cuts the reward miners receive for mining it.

Every downturn has so far been followed by a bull market lasting one to three years. But beware: past cycles and results are no guarantee of future results.

Source: Fidelity

Example: Long-term bitcoin investors use these price drops for “cheap” purchases. They do it with one-off buys or recurring purchases known as DCA.

With Invity, the best way to make the most of such periods is with the Auto Buy, Auto Buy Plus or Turbo Buy strategies. These automated strategies let you buy regularly, regardless of the current market mood.

🐇 Did you know…?

June comes with a historic event. In 2011, the price of BTC on the Mt.Gox exchange crashed from $17 to $0.01 within minutes. It was the first major exchange hack in history. A few weeks before the hack, the exchange’s user database had leaked. The attacker used one of the accounts to place an enormous sell order. Another user seized the opportunity and bought 259,684 BTC for less than $3,000. The exchange later reversed those trades.

It was one of a series of hacks that plagued the exchange until 2014, when a major hack led to its bankruptcy.

A discount for friends, Bitcoin for you. Forever. Share your referral with your friends. They get a 10% discount on fees and you get 33% in BTC. For good. Really. And now there’s even more — once your friend completes 3 transactions in any automated strategy, you both get an extra €4 in bitcoin.

The Invity Team