đ Bitcoin Surges Above $72,000 as Market Optimism Grows on ETF Inflows
June 8, 2025 â Binance News Desk
Bitcoin (BTC) soared past the $72,000 mark on Friday, marking a fresh monthly high and reinforcing bullish momentum amid sustained institutional demand and macroeconomic optimism. The surge follows a strong week of spot Bitcoin ETF inflows, with over $1.2 billion recorded in just five days.
According to on-chain analytics firm Glassnode, long-term holders are maintaining their positions, while whale wallets have accumulated more than 40,000 BTC since the start of Juneâindicating rising confidence in Bitcoin's long-term value.
The rally also coincides with renewed speculation that the Federal Reserve may ease interest rates sooner than expected. Lower yields traditionally favor risk-on assets like Bitcoin, which is often seen as a hedge against fiat currency devaluation.
Key Highlights:
Price Level: Bitcoin touched $72,360, up 4.8% on the day.
ETF Inflows: Weekly inflows surpassed $1.2 billion, led by BlackRockâs IBTC.
Market Cap: Reclaimed the $1.4 trillion mark.
Technical Outlook: Analysts eye a possible retest of the $75,000 all-time high if momentum continues.
Market analysts at Binance Research noted that âBitcoin is benefitting from both strong fundamentals and increasing global adoption, with countries like Brazil and Indonesia expanding crypto-friendly regulations.â
Stay tuned to Binance News for more real-time updates on Bitcoin and the broader crypto markets.