#TrumpBTCTreasury
Bitcoin is currently trading near $105,550, up about +0.5% after an internal fluctuation throughout the day from $104,400 to $106,043.
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🏦 Institutional Flows and Outlook
Spot ETF funds saw significant inflows during May, with new flows surpassing mining production, boosting institutional confidence.
Even with some outflows from certain funds, BlackRock and Fidelity's Dubion remained at the forefront, with expectations of a gradual increase in the value of deposited shares.
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🌍 Global Influences
Geopolitical tensions, such as Israeli strikes on Iranian targets, contributed to a temporary price drop towards $103,000 before recovering.
Global institutional convergence: The listing of companies like MicroStrategy, Trump Media, and others on BTC purchasing platforms revealed the increasing trend toward Bitcoin treasury strategy.
