BTC Reached Historic Highs in Q2: What Does the Future Hold?

Bitcoin marked a significant milestone in Q2, solidifying its position as the dominant player in the cryptocurrency market. Despite volatility, it achieved an all-time high valuation of close to $112,000 by the end of May, with its market capitalization soaring well beyond $2 trillion. It closed at around $107,500 on June 30, representing a 30% gain for Q2 – the highest quarterly closing price in Bitcoin's history.

Furthermore, key metrics and rising inflows into spot BTC ETFs hint at potential growth in the short term. However, some cautionary signs have emerged, including increased profit-taking within the current trading range and a perceived weakening in demand.