According to data from CoinMarketCap, as of June 30, the largest cryptocurrency on the market at one point reached over $108,800 - the highest level in the past half month. In just 7 days, the price of bitcoin has increased by more than 7%, bringing the total market capitalization to about $2,150 billion.
Bitcoin prices have largely been trading in a narrow range since breaking above the six-figure mark for the second time this year in early May. The asset has been hovering in the $102,000-$110,000 range with occasional bounces and dips outside that range.
Positive signals come from US spot bitcoin ETFs, which have recorded net inflows of more than $3.2 billion in the past two weeks and no withdrawals on any day. More and more companies continue to add bitcoin to their funds, showing that long-term confidence in this asset is still maintained.
Just in the past week, the market has recorded many new corporate investors such as real estate group Cardone Capital, mining company Panther Metals, marine mining company Green Minerals... collecting bitcoin.
Bitcoin price quietly rises (Photo: Binance).
Jeff Mei, chief operating officer at BTSE, said that in the short term, many traders are actively taking profits ahead of the US tariff deadline of July 9 due to concerns that core issues in trade negotiations have not been resolved.
“They are hedging against the risk of talks falling apart and the market taking a dive,” he said, adding that a growing number of publicly traded companies are incorporating bitcoin into their treasury strategies.
Han Xu, chief investment officer of HashKey Capital, said investors and traders are waiting for new macroeconomic data and policies from the US to be released this week.
“Updates on trade negotiations ahead of the reciprocal tariff deadline and progress on President Trump’s proposed budget bill are all major risk factors that need to be resolved before the market can resume its uptrend,” Xu warned, noting that any surprise could trigger a sell-off.
Source: https://dantri.com.vn/kinh-doanh/bitcoin-am-tham-tang-vot-20250630153033511.htm
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