Bitcoin fell again in the short term to about $62,500 on June 9, while chip stocks surged sharply on Monday: Micron Technology rose 9.9%, the iShares Semiconductor ETF gained 5%, and NVIDIA, Broadcom, and others all moved higher in tandem. Iran and Israel announced on Monday that they would temporarily halt attacks on each other after Trump’s call, but Tehran warned that if Israel continues strikes against Hezbollah in Lebanon, it will resume hostilities.
Iran–Israel: Temporary Ceasefire, Warnings Still in Place
Confirmed Monday developments: Iran and Israel said on Monday (June 8) that they would stop attacking each other after Trump’s call; on Sunday evening, Iran had fired missiles into Israeli territory, after which Israel struck Iran’s air defense system and a petrochemical plant. The Islamic Revolutionary Guard Corps (IRGC) then retaliated with an attack on a similar facility in Haifa, Israel; both sides’ official reports said there were no casualties.
Axios reported that Trump told Netanyahu: “You’d better be careful, otherwise very soon you’ll be fighting all by yourself.” Israel’s ambassador to the U.S., Yechiel Leiter, rebutted the pressure narrative, saying that the leaders’ communication was cooperative. Iran’s Tasnim news agency, citing military sources, said Tehran is prepared for a long-term conflict.
Bernstein’s Monday Assessment of Bitcoin
Key figures confirmed by Bernstein in its Monday report:
2026 YTD net inflows: about $12 billion (ETF + corporate finance combined)
Net inflows for all of 2025: about $60 billion (down about 80%)
Spot ETF year-to-date net outflows: about $2.6 billion (Bernstein noted that the main selling pressure came from corporate financial liquidations rather than ETF holders)
Percentage of bitcoin circulating supply not traded: 61% has gone over a year without trading
Bernstein said: “Bitcoin’s muted performance in this cycle shouldn’t be taken as a reason to turn against it.” Bernstein maintained its $150,000 target price for 2026, citing a structural shift in the investor base toward wealth-management platforms, retirement funds, and sovereign wealth funds.
SpaceX Listing, the CLARITY Act, and Bernstein’s Historical Analogy
SpaceX is scheduled to list on Nasdaq on June 12, 2026, targeting a valuation of $1.75 trillion to $2 trillion. Analysts tracking the reshuffling of tracked capital said this listing has already shifted a large amount of retail attention away from digital assets. The CLARITY Act (Comprehensive Digital Assets Market Structure Act) passed the Senate Banking Committee in May by a vote of 15 to 9, after it passed the House in July of last year by 294 to 134.
Brownstone Research senior crypto analyst Ben Lilly compared Bitcoin’s current slump to the 2022 bear market: when BlackRock launched a private Bitcoin trust at the August 2022 bear-market low, it came before the historic issuance of the IBIT ETF. Lilly said that a similar pattern—institutional expansion alongside retail withdrawal—is now repeating.
FAQ
Why does Bernstein keep a $150,000 target price when Bitcoin is in a slump?
Bernstein analysts said the reason for maintaining the target is the structural shift of Bitcoin owners’ base toward institutions such as wealth-management platforms, retirement funds, and sovereign wealth funds. They also pointed to the fact that 61% of Bitcoin’s circulating supply has not seen trading for over a year, showing that long-term holders are not willing to sell at current prices. Bernstein previously described early 2026 as “the weakest bear market in Bitcoin’s history,” arguing that banks and large investment firms’ continued acceptance makes this downturn different from previous crypto winters.
What legislative stage is the CLARITY Act in right now?
The CLARITY Act passed the U.S. Senate Banking Committee in May by 15 to 9, after passing the House in July 2025 by 294 to 134. The bill still needs to be passed by both chambers and signed by the president to become law; the final legislative process has not yet been completed.
Has the Iran–Israel temporary ceasefire been confirmed to be lasting?
On Monday, both Iran and Israel announced a temporary halt to attacks on each other. However, Tehran warned that if Israel continues strikes against Hezbollah in Lebanon, it will resume hostilities, and Iran’s semi-official media Tasnim also said Tehran is prepared for a long-term conflict. Meanwhile, an Israeli military official said Israel “will continue operations as long as needed,” and both sides’ hardline stances have been clearly expressed.
