Price: $63,935 | Last Year: $28,311
"You will never be done learning about Bitcoin." - Michael Saylor, 21 Rules for Bitcoin
Bitcoin price action mimics 2023 lull and it may seem like long ago, but Bitcoin spent months going nowhere in 2023 before a major BTC price breakout. However, Bitcoin dips 3.5% as German government sells $325 Million $BTC over two days and Bitcoin slumps under $64K amid historic ‘negative’ sentiment with lame price action that has apparently caused crowd sentiment to be in negative territory for four straight weeks, a sign that may spell relief for bulls in the near term.
But, Bitcoin could reach $100,000 as market dynamics and economic indicators align and Investor optimism grows with potential Fed rate cuts influencing Bitcoin’s demand; Institutional interest and ETF approvals bolster the Bitcoin price's upward trajectory.
Real Vision macro expert Julien Bittel, CFA believes that Bitcoin ($BTC) is on the verge of going parabolic based on historical precedence; suggests Bitcoin could hit $240,000 by May 2025.
Bitcoin ETFs post $900M in net outflows this week as Thursday marked the fifth straight day of net outflows for the U.S.-listed ETFs in their worst performance since mid April.
MARA BTC mining is heating an entire town in Finland. Standard Chartered is building a spot $BTC and $ETH trading desk.
Wolf of All Streets
Podcast of the Day: The Incredibly Weird Certik-Kraken Exploit
OTHER NEWS
Long-term Ethereum holders may be waiting for spot ETH ETF to go live and new ATHs before selling, in contrast to Bitcoin holders. Fidelity Investments amends Ether ETF Filing, discloses $4.7M in seed capital. Bloomberg analyst Eric Balchunas anticipates that additional asset managers will update their filings on June 21, with Ether ETFs potentially debuting on July 2.
Canadian investment fund manager 3iQ Corp announced that it has filed to offer The Solana Fund (QSOL), which it said—if approved—“would be the first Solana exchange-traded product to be listed in North America.”
