Bitcoin (BTC) is trading at $107,400 today, just 4% below its all-time high, fueled by unprecedented inflows into U.S.-listed spot Bitcoin ETFs. This surge underscores growing institutional confidence in Bitcoin as a hedge against economic uncertainty.
Sustained ETF Inflows Drive Bitcoin Momentum
Key ETF Statistics:
- 12 consecutive days of net inflows, totaling $3.9 billion since June 9.
- June 25 single-day inflow: $550 million (led by BlackRock’s IBIT and Fidelity’s FBTC).
- Cumulative inflows since January 2024: $48.4 billion.
- Total AUM across BTC ETFs: Nearly $125 billion.
Nate Geraci, President of The ETF Store, remarked on X: "The ETF category is now approaching $50 billion in inflows—absolutely ridiculous momentum."
Institutional and Corporate Demand Surges
- Metaplanet (Japan): Added 1,234 BTC, now holds 12,345 BTC.
- ProCap BTC: Acquired 1,208 BTC this week, totaling 4,932 BTC.
- Corporate purchases this week: 7,597 BTC added collectively.
👉 Why Institutional Investors Are Flocking to Bitcoin
Macroeconomic Tailwinds for Bitcoin
- Weakening U.S. dollar: Dollar Index at lowest since March 2022.
- World Bank’s 2025 U.S. growth forecast: Downgraded from 2.3% to 1.4%.
Timothy Misir, BRN’s Head of Research, noted: "Bitcoin’s resilience above $108K reflects institutional flows and dollar weakness."
Regulatory Developments Boost Legitimacy
The FHFA announced that Fannie Mae and Freddie Mac may soon recognize cryptocurrency as a mortgage-eligible asset. This could:
- Expand home loan access for crypto holders.
- Further integrate digital assets into mainstream finance.
BTC Price Analysis: Targets and Risks
- Current price: $107,000 (RSI: 56, MACD bullish).
- Support: 50-day EMA at $103,543.
- Resistance: ATH at $111,980**; next milestone at **$120,000.
👉 Expert Predictions for Bitcoin’s Next All-Time High
Key Takeaways
- Bitcoin nears ATH amid $48.4B ETF inflows.
- Corporate treasuries are aggressively accumulating BTC.
- Dollar weakness and mortgage recognition enhance BTC’s appeal.
FAQ Section
Q: What’s driving Bitcoin’s price surge?
A: Record ETF inflows, institutional demand, and a weak U.S. dollar.
Q: How much have BTC ETFs attracted in 2024?
A: $48.4 billion—with BlackRock and Fidelity leading inflows.
Q: Could Bitcoin hit $120K soon?
A: Analysts suggest July as a potential timeline if momentum holds.
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