Ethereum and
Dogecoin have surged in value even as
Bitcoin displays its highest price in weeks. Asset management giant
BlackRock's Bitcoin ETF (IBIT) has shown higher revenue than its S&P 500 fund (IVV), a remarkable feat for the crypto industry. Bitcoin continues to benefit from the U.S. debt ceiling increase and the passage of the 'Big Beautiful Bill'.
Expectations are high from
Standard Chartered, predicting Bitcoin to reach
$135K by Q3 end and
$200K by year-end. As global M2 supply reaches a record high, the
Bitcoin price target now sits around
$170K. Financial experts mention a key technical resistance level that needs to be cleared for Bitcoin to rally by 25%.
Public companies have purchased more Bitcoin than ETFs for the third consecutive quarter, indicating an increasing corporate interest in the asset. Meanwhile,
Trump Crypto Venture raised $220 million for Bitcoin mining, introducing new financial capabilities into the cryptocurrency market.
Due to several positive forces aligning together, Bitcoin's profit metrics have entered a 'cautiously optimistic' zone. However, it wasn’t all rosy, as concerns grew over a potential Bitcoin scam that cost a couple $30,000. As such incidents come to light, it’s worth considering the risks inherent in a largely unregulated market.
Bitcoin News Analytics from Thu, 26 Jun 2025 22:41:13 GMT to Wed, 02 Jul 2025 21:38:17 GMT -
Rating 7
- Innovation 8
- Information 9
- Rumor -2
