Bitcoin Holds Under <$60K> While Solana Breaks Records and June Crypto Thefts Hit <$76M>

Crypto markets opened July on a weak note. Bitcoin traded near $58,600 after dropping another 1.2 percent in the last day. A short overnight bounce pushed liquidations to $448 million, with $265 million hitting short sellers who were caught off guard.

Bitcoin Price Action and ETF Flows

Bitcoin has not been able to push back above the $60,000 level. Spot Bitcoin ETFs saw another $296 million leave the products yesterday. BlackRock’s IBIT alone accounted for $219 million of those outflows. Over the past ten days, IBIT has moved more than $2.1 billion worth of Bitcoin, showing how one large player can still steer daily price moves.

Most large tokens finished the day lower. Only Stellar and Cardano posted gains, rising 11 percent and 4.5 percent. Overall trading volume fell to $75 billion from $82 billion the day before. The Fear and Greed Index climbed to 19 but is expected to drop again once the brief rally fades.

Solana Sets Fresh Network Records

Solana keeps posting new highs in usage even while its token price stays flat. In the last 30 days the network handled 3.77 billion non-vote transactions, the highest monthly total ever recorded. Apps running on Solana earned $257 million in revenue during the second quarter, keeping the chain at the top of Layer-1 dApp revenue for the ninth straight quarter.

A new on-chain governance system called Solana Governance Proposals now lets validators and token holders vote directly on network changes. This move should help attract more big institutions that want clearer rules before they commit money. Tokenized equity volume on Solana reached $3.31 billion in June, giving the chain a 95.6 percent share of that market.

June Crypto Losses Reach $76 Million

Hackers took roughly $75.9 million from crypto projects in June across 40 separate attacks. That amount is 7 percent lower than May, hinting that some attackers may be running out of easy targets. The biggest single loss came from the Humanity Protocol exploit, which cost the project around $31 million to $36 million after a private key was stolen.

Other large incidents included a $10 million Syscoin bridge hack, a $7.5 million theft from a MEV bot, and smaller attacks on Secret Network, Polymarket users, and several smaller platforms. Losses ranged from $2.4 million to $4.67 million in those cases.

What Comes Next

Bitcoin needs fresh buying pressure to break the $60,000 barrier again. Solana’s strong usage numbers show real growth, yet broader market fear is still holding its price back. Lower hack totals may signal that projects are getting better at security, but users should stay careful with private keys and bridge contracts. Watch ETF flows and network activity closely over the next few weeks for clearer direction.