Oh, gather ’round, dear friends, for a tale of Bitcoin, the cheeky little cryptocurrency that just can’t sit still! On a rather splendid Monday, it leaped and bounded to a dazzling $110,587, the highest it’s been since that fateful day in May when the sun was shining and the birds were singing!
This crypto king, with its shiny crown, is oh-so-close to snatching a brand new all-time high! The previous record, a whopping $112,000, was set on May 22, and it’s just waiting for the right moment to pounce! 🤑
But wait! As we peek into the magical world of numbers, our dear Bitcoin is now playing a game of hide-and-seek at $109,387, having lost a few shiny coins along the way. Oh, the drama! 🎭
Big Players Fueling the Rally
Now, what’s this? A band of big players is stirring the pot! Bitcoin’s recent escapade is being fueled by a steady stream of ETF flows, logging a staggering $386 million on Monday alone! According to the wise folks at SoSoValue, it seems the Fidelity Wise Origin Bitcoin Fund (FBTC) has outshone the iShares Bitcoin Trust ETF (IBIT) with inflows of $173 million versus a mere $121 million. How delightful! 🎉
And let’s not forget the Bitcoin-buying companies, who are throwing their coins around like confetti! One such company, Strategy, has just gobbled up a whopping $110 million worth of BTC. Talk about a shopping spree! 🛒
Meanwhile, our retail investors are sitting on the sidelines, twiddling their thumbs, as social engagements have plummeted compared to last year. It’s quite the puzzler, considering Bitcoin is just a whisker away from a new record high! Where’s the excitement, folks? 🤔
2% Chance of $150,000 in June
Now, let’s consult the crystal ball of Polymarket bettors! They predict a 60% chance of Bitcoin hitting $115,000 this June. And a 31% chance of it surpassing the $120,000 milestone. But hold your horses! There’s only a 3% chance of it soaring to $150,000 this month. However, by the end of 2025, there’s a 38% chance it might just do that! What a rollercoaster ride! 🎢
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2025-06-10 09:22