Speculators Expected Bitcoin Prices to Surpass March’s ATH of $73,798 in June

Marcus_Web3
06-11

US ETFs ( exchange-traded funds) that invest directly in bitcoin have seen net inflows for a record 18th straight day, as surging demand helped propel the world’s largest digital asset toward a record high.

Since launching on Jan. 11, more than a dozen such products have seen a combined net subscription of $15.6 billion and total assets of $62.3 billion as of June 6, according to data compiled by Bloomberg.

Bitcoin pared gains after a report showed a mixed labor market with a surge in U.S. employment in May and an unexpected rise in unemployment. As of 8:36 a.m. New York time on June 7, bitcoin was trading around $70,925, while ether was essentially flat at $3,785.

Many speculators in the options market expect bitcoin prices to surpass March’s all-time high of $73,798 in June, helped by ETF demand and expectations of a rate cut by the Federal Reserve.

“A lot of money is flowing into spot bitcoin ETFs,” Sean Farrell, head of digital asset strategy at Fundstrat Global Advisors LLC, wrote in a note. “Macro trends continue to favor cryptocurrencies, with economic growth slowing but not in recession and inflation continuing to show signs of slowing.”

$Bitcoin(BTC.USD.CC)$

I’m expecting all these are good for bitcoin stocks and etfs:

🎁Spot BTC ETFs To Pick? Choose Companies or Consider Fees?

What's your favorite bitcoin ETF?

The top 10 companies holding the most Bitcoin.

$MicroStrategy(MSTR)$ $Marathon Digital Holdings Inc(MARA)$ $Tesla Motors(TSLA)$ $Hut 8 Mining Corp(HUT)$ $Coinbase Global, Inc.(COIN)$

$Galaxy Digital Holdings Ltd.(BRPHF)$ $Block(SQ)$ $Riot Platforms(RIOT)$ $Bitcoin Group SE(BTGGF)$ $CleanSpark, Inc.(CLSK)$ and $MicroStrategy(MSTR)$ worth look at.

Related bitcoin assets: $Coinbase Global, Inc.(COIN)$ $Marathon Digital Holdings Inc(MARA)$ $Block(SQ)$ $Hut 8 Mining Corp(HUT)$ $MicroStrategy(MSTR)$ $CME Bitcoin - main 2405(BTCmain)$ $Invesco Galaxy Bitcoin ETF(BTCO)$ $BIT Mining(BTCM)$ $WisdomTree Bitcoin Fund(BTCW)$ $Grayscale Bitcoin Trust(GBTC)$ $Fidelity Wise Origin Bitcoin Fund(FBTC)$ $iShares Bitcoin Trust(IBIT)$ $ARK 21Shares Bitcoin ETF(ARKB)$ $Bitwise Bitcoin ETF(BITB)$

BTC Rebound: A New Rally or Bull Trap?
After the sell-off on Tuesday, Bitcoin surged by 5.8% on Wednesday, reaching $67,002.84, driving an overall uptrend in the digital asset market. Bitcoin had reached a historic high of $69,191.95 on Tuesday before swiftly dropping below $60,000. According to data, the range between the high and low points on Tuesday exceeded 14%, marking the largest price fluctuation for Bitcoin this year. -------------------- How do you view? Will Bitcoin Pullback or Push Higher? What's your target price for Bitcoin?
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Comments

  • SPACE ROCKET
    06-27
    SPACE ROCKET
    June is coming to an end, with the ATH no where in sight unfortunately.
  • PorterLamb
    06-11
    PorterLamb
    Nice gains you got! [Smart]
  • YueShan
    06-12
    YueShan
    Good⭐️⭐️⭐️
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