- US BTC ETFs have registered inflows for 13 consecutive classes.
- The bullish sentiment will also be seen in early-stage mission, Bitcoin Pepe.
- The mission’s presale has seen inflows of over $300K previously 24 hours.
Bitcoin (BTC) is buying and selling round $107,000 on Friday, hovering simply 4% beneath its all-time excessive because it consolidates close to key technical ranges.
Bitcoin briefly dropped to a each day low of $98,200 on Sunday amid geopolitical tensions however held above the important thing psychological degree of $100,000.
It rebounded sharply on Monday and maintained momentum by means of midweek, closing above $107,000 on Wednesday and holding regular since.
On the time of writing, BTC stays close to the $107,000 mark. A continuation of the rally may see a take a look at of the Might 22 document excessive of $111,980.
A decisive shut above that degree could open the door to additional upside, with $120,000 rising as the following potential goal.
Institutional inflows have supplied further assist, contributing to a broader restoration in threat urge for food inside crypto markets.
The present setting has additionally pushed speculative curiosity in early-stage initiatives, with Bitcoin Pepe drawing investor consideration as its presale continues.
In simply the previous 24 hours, the mission’s presale noticed inflows of over $300,000.
BTC ETF inflows present no indicators of slowing
US spot Bitcoin exchange-traded funds have logged their longest streak of inflows since December 2024, pulling in over $2.9 billion throughout 13 consecutive buying and selling classes.
The surge in demand comes as regulatory momentum builds for broader digital asset approvals anticipated over the following 4 months.
On Thursday, the ETFs introduced in over $226 million.
BlackRock’s IBIT led Thursday’s exercise with $163.7 million in inflows, adopted by Constancy’s FBTC with $32.9 million and Bitwise’s BITB with $25.2 million, in accordance with knowledge from Farside Traders.
The ETFs posted their largest single-day influx for June on Tuesday, with $588.6 million added. On this week alone, the ETFs have seen inflows of over $1 billion.
The continued inflows spotlight rising institutional curiosity in crypto funding merchandise.
Bitcoin Pepe presale sees sturdy curiosity
Whereas Bitcoin stays secure, its latest transfer towards recent highs is lifting total market sentiment, usually a precursor to broader rallies throughout the crypto sector.
As capital returns to digital property, speculative segments resembling meme cash are regaining investor consideration.
Main this shift is Bitcoin Pepe.
Billed as the primary meme-focused Layer 2 on the Bitcoin community, Bitcoin Pepe goals to merge meme tradition with practical blockchain infrastructure.
The mission seeks to harness Bitcoin’s safety whereas providing scalability akin to networks like Solana—a distinction to most meme tokens, which generally lack underlying infrastructure.
To assist its Layer 2 imaginative and prescient, Bitcoin Pepe has introduced a number of strategic partnerships, together with tie-ups with Tremendous Meme and Plena Finance.
The mission displays a broader push to mix real-world utility with viral attraction—an strategy which will discover traction within the present market setting.
Investor curiosity seems robust. Bitcoin Pepe has raised over $15.9 million in its ongoing presale.
An inventory announcement is anticipated on June 30, which may act as a near-term catalyst for price motion.
