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Bitcoin briefly climbed past US$110,000 early last week before retracing to around US$105,000 following heightened geopolitical tensions, including Israeli airstrikes in Iran. Traditional safe-haven assets like gold and the US dollar gained, while crypto markets broadly pulled back on risk-off sentiment.
Approaching its all-time high, Bitcoin sees cautious trading despite a record US$167 billion in crypto fund assets in May, driven by investor diversification. Ethereum derivatives surpass Bitcoin volume. BlackRock’s ETF grows rapidly.
With growing institutional flows and real-world use cases, Ethereum is having a moment.
Short-term momentum may have cooled, but long-term sentiment remains bullish for Bitcoin. Currently consolidating at US$105k after dropping from its all-time high price of US$111,980.
In this Crypto Corner episode, BTC Markets’ Head of Finance Charlie Sherry speaks with James Hanley, Head of Strategy and Growth at Drift, about how DeFi is moving beyond speculation, toward capital efficiency, institutional use, and more integrated platforms.
Spot Bitcoin ETFs are driving momentum beyond US$100k. Price is being supported by reduced miner selling and a strong wave of global interest from institutions, policymakers, and retail investors alike.