Bitcoin unfavourable information does not lead to a fall, one hundred thousand dollars has become an important benchmark price for investors.

robot
Abstract generation in progress

Amid rising geopolitical risks and hawkish signals from the Federal Reserve, Bitcoin remains above the $100,000 level. Analysts view its performance as evidence of its role as a macro hedging and treasury reserve asset, believing that $100,000 has become an important benchmark price for investors.

U.S. stock futures are down, Bitcoin remains at 104K.

The Federal Reserve maintained interest rates on Wednesday, but Chairman Powell's hawkish remarks suggested that tariffs would ultimately drive up prices, exceeding market expectations. Additionally, with President Trump considering an attack on Iran, the U.S. stock market was closed yesterday for the June festival, but U.S. stock futures fell.

Bitcoin continues to consolidate around 104K, according to a report by The Block quoting The Coin Bureau founder Nic Puckrin:

The price of Bitcoin at one hundred thousand dollars is no longer just a support level; it is becoming the benchmark price in the minds of investors.

Puckrin pointed out that the US is still expected to have two rate cuts this year, and the Bank of Japan has also hinted at relaxing its quantitative tightening policy in 2026. He stated that when liquidity floods in, Bitcoin will be the biggest beneficiary.

With institutional investors buying in large quantities, liquidity is about to return. Analysts also warn that retail investors may need to reconsider whether they have taken profits too early.

Bitcoin ETF has seen net inflows for eight consecutive days, attracting $2.4 billion.

Bitcoin ETF has shown a net inflow for eight consecutive days starting from June 9, gathering $2.4 billion in funds, indicating that retail investors are still continuously increasing their positions. Currently, the total assets of Bitcoin spot ETFs in the United States have reached $127.4 billion, accounting for 6.12% of Bitcoin's market value. Among them, BlackRock's IBIT and Fidelity's FBTC have asset sizes reaching $71.1 billion and $20.5 billion, respectively, further confirming the demand from institutional investors for Bitcoin ETFs.

As of the deadline, Bitcoin is at $104,647, with a 24-hour trading volume of $18 billion.

This article states that Bitcoin is not dropping despite bearish news, and that $100,000 has become an important benchmark price for investors, first appearing in Chain News ABMedia.

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)