Today is Monday, July 6, 2026.
The Early Bird Index today is 87.98.
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Bitcoin's Big Second Half? 🔮
Weakened institutional demand and macro uncertainty caused the price of Bitcoin $BTC ( ▲ 0.41% ) to fall about 33% in the first half of 2026. Will it recover in the second half of the year?
By the Numbers: U.S. spot Bitcoin ETFs (exchange-traded funds) had large redemptions, with nearly $5.4 billion in net outflows for the first half of 2026.
Background: Bitcoin experienced two sharp declines in the first half. Both declines had different immediate triggers but were driven by the same broader issue: demand faded while macro stress and forced selling amplified the move.
The first was in late January and early February, with Bitcoin falling below $80,000 after Kevin Warsh was named Fed chair, and the market worried about tighter liquidity under his leadership.
The second drop, in early June, was more of a demand failure plus liquidation cascade. Investors left Bitcoin ETFs, and capital rotated into U.S. equities, especially artificial intelligence names.
Powering the Story: Bitcoin is now at its lowest level since 2024. Could a change in direction be in store for the second half of 2026?
Early Bird’s Nest Egg Gains: A comeback is possible, but the second half of 2026 looks more like a recovery-from-weakness setup than a clean straight-line bull run.
ETF flows turning positive again, and easier macro conditions could drive a Bitcoin rebound.
However, Bitcoin is still in a “prove it” phase, where every rally gets sold until demand is clearly back.
Final Thoughts: Prices for most other major cryptos also fell in the first half of the year.
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Notables
Notable Earnings Today: N/A.
Notable IPOs Today: Eos Energy Enterprises, Inc. Right (Nasdaq: EOSER), Patriot Acquisition Corp. Class A Ordinary Shares (Nasdaq: PTAC), Iron Dome Acquisition I Corp. Class A Ordinary Shares (Nasdaq: IDAC), Berto Acquisition Corp. II Ordinary Shares (Nasdaq: GUAC).
Notable Equity Crowdfunding Campaigns Ending Today: ARKHAUS (Wefunder), Lumida Wealth (Republic), IYU (Crowdcube).
Notable Economic Events Today: S&P Global Services PMI (9:45 a.m. ET), S&P Global Composite PMI (9:45 a.m. ET), ISM Non-Manufacturing PMI / Prices/ Employment (10:00 a.m. ET).
easyJet Seems to OK Takeover
On Sunday, numerous media reports said that British budget airline easyJet agreed in principle to a $7 billion takeover bid from the investment firm Castlelake.
Final Thoughts: The stock had been up 8% this year, but most of the gain started in late May due to the takeover rumors. If the deal goes through, it would shake up Europe’s aviation sector.
Comcast Gets Top Box Office Spot
Score one for Comcast $CMCSA ( ▲ 0.25% )! 'Minions & Monsters', which was produced by Comcast subsidiary Universal Pictures, was the top movie at the box office this past weekend with $36.4 million in ticket sales.
Final Thoughts: Despite taking first place, the film’s ticket sales fell significantly short of expectations. Shares of Comcast are down 14.02% this year.
Trends to Watch
From Potential Disruption to Disarray: A Trucking Startup Aims to Challenge Tesla. Now, Paychecks Are Missing—And So Is a Truck (Wall Street Journal)
Close Call: Delta pilot says ‘big bang’ felt after flight apparently hit by fireworks while landing in Chicago (CNBC)
More Oil: 7 OPEC+ countries agree to expand monthly oil production modestly as prices slide (Associated Press)
Riding the AI Wave: SK Hynix seeks access to AI investors in $29 billion U.S. listing (Fortune)
Last Days: Amazon will stop accepting new customers for Mechanical Turk (TechCrunch)
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The contents of Early Bird are intended for informational and entertainment purposes only. They do not constitute trade or investment recommendations, and they are not financial or legal advice. Readers are encouraged to consult licensed professionals for personalized guidance regarding their financial or legal situations.
