Bitcoin’s Late June Surge: Tax Bill Hopes and ETF Buzz Drive Crypto Rally 🔥
Bitcoin shook off its usual June slump with a strong rally in early Asian trading, hitting around $108k, fueled by optimism over President Trump’s $4.5 trillion tax bill nearing Senate approval. This comes as equities hit record highs, and institutional demand for Bitcoin stays solid, with $2.2 billion flowing into $BTC spot ETFs last week. Big players like Strategy and Metaplanet kept buying, while leveraged bets are picking up as traders chase the upward momentum. Ethereum and Solana also climbed, boosted by potential SEC approval for staking ETFs from REX Shares. However, options markets are oddly calm, with low volatility and neutral risk signals, suggesting the rally might lack deeper conviction below $110k.
This feels like a classic case of crypto riding a wave of macro optimism—tax bill progress and ETF hype are solid catalysts, but the quiet options market makes me think the rally could be fragile. Institutional flows are a big plus, showing real money backing the move, but I’d watch that $110k level closely. If it doesn’t break convincingly, we might see a pullback as quarter-end profit-taking kicks in. Still, the ETF staking buzz for $ETH and SOL is exciting—could open new doors for yield-hungry investors.
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