Bitcoin (BTC) rebounded over $110,000 on June 9, regaining the ground that lost its sale last week as investors returned to digital assets behind the strong ETF inflows, alleviating macroeconomic tensions and mitigating new optimism across the risk market.
The world’s largest crypto reached daytime highs from $105,426 to $110,653 early in the day during trading sessions in Asia and the UK. As of press time, Bitcoin had been trading at $110,200, an increase of 4.10% over the past 24 hours.
Acute climbing comes amidst the strong demands of institutional and corporate buyers, particularly as the key driver behind Move, particularly through the Spot Bitcoin ETF. Additionally, it eased geopolitical tensions between the US and China, and the momentum of the US Bitcoin Reserve has renewed optimism in the market.
The Spot Exchange-Taded Crapto fund, issued by BlackRock, Fidelity and other major US companies, has attracted over $11 billion inflows over the past seven weeks, solidifying Bitcoin’s inclusion in its traditional financial portfolio.
On-chain data shows that centralized exchange BTC continues to decline, suggesting a decline in sales pressure even as prices rise. The latest move could potentially restore investor confidence after assets didn’t exceed $108,000 in previous sessions this week.
Bitcoin rallies also coincide with new accumulations from high-profile companies. The strategy confirmed the recent purchase of 1,045 BTC between June 2nd and June 6th. Meanwhile, companies’ interest in adopting Bitcoin as a financial asset continues to gain steam, with applications increasing in recent weeks.
Volatility continues to rise, but the $110,000 breakout could set the stage for a push to $115,000 if the macro conditions remain favorable, eventually reaching $120,000, with BTC lined up in the second quarter Standard Chartered forecast.
The broader crypto market also showed strength despite trading far from the highest ever. Ethereum (ETH) rose nearly 6% to $2,660, while Solana (Sol) rose 4% to $159 as of press time.
Meanwhile, BNB and XRP increased by 2% and 2.53% respectively, while Dogecoin (Doge) and SUI were around 6% each in the past day.
Despite growing optimism, a sharp reversal is still possible if macro pressures due to ETF outflow or geopolitical risks are updated.
Bitcoin Market Data
When reporting 12:06 at UTC on June 10th, 2025Bitcoin ranks number one in terms of market capitalization, and the price is above 4.18% Over the past 24 hours. Bitcoin has a market capitalization 2.19 trillion dollars 24-hour trading volume $57.45 billion. Learn more about Bitcoin›
Overview of the Crypto Market
When reporting 12:06 at UTC on June 10th, 2025Crypto market totals are evaluated by $3.44 trillion There is a 24-hour volume $1211.5 billion. Bitcoin’s advantage is currently underway 63.76%. Crypto Market Details›
