$USDC
Market Dynamics and Capital Movements
Bitcoin Strong Rebound
Rebounded from a low of $100377 on 5 June 2025 to 104472 dollars with a 24-hour trading volume of 47.8 billion showing a V shaped reversal technically. Resistance levels are seen at 105000-107000 dollars and support level at 101500 dollars.
Catalysts for the rebound include improved ETF inflows (net inflow of 50 million dollars in a single day) and short covering.
Circle Surges 168% on First Day of Trading
Stablecoin USDC issuer Circle debuts on the NYSE closing at 83.23 (issue price 31), with a market capitalization exceeding 18.5 billion becoming the first stablecoin stock.
BitMEX founder warns that this IPO boom may revive the ICO bubble risks of 2017.
3. Institutional Holdings Surge
Bitcoin holdings of 116 listed companies increased to 809100 BTC (approximately 85 billion) more than double the amount in 2024 mainly due to Trump's policy support and new accounting standards allowing for profit recognition.
