Bitcoin is encountering selling pressure near $109,000, but a minor pullback indicates a potential continuation of its upward trend. BNB and HYPE have shown resilience, breaking through immediate resistance levels. Currently priced at $107,129, Bitcoin is on track for a positive June close if it remains above $104,600, marking only the second time since 2020 for such a monthly performance. Despite failing to surpass its all-time high of $111,980, investor interest remains strong, with $2.2 billion in inflows into Bitcoin ETFs last week. Additionally, companies like Michael Saylor's have continued purchasing Bitcoin. The S&P 500 Index has shown positive sentiment, bouncing off key moving averages. Meanwhile, the US Dollar Index has dropped below critical support, indicating bearish control. Altcoins like Ethereum and XRP are facing resistance at key levels, while BNB and Solana are showing bullish signs. Overall, the market remains dynamic, with potential for both upward and downward movements. Read more AI-generated news on: https://app.chaingpt.org/news

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