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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.
Despite recent volatility, BTC is showing strength above US$105K, with ETH gaining traction and major market drivers ahead.
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.
Despite cooling momentum and ETF outflows, Bitcoin is holding steady around the US$105k zone. At the same time, Asia’s trading volumes picked up, while institutions like Strategy reinforced long-term convictions.
BTC Markets will be delisting Meld Gold (MCAU). From 10:00am (AEST) on June 24, 2025, you will no longer be able to buy, sell or deposit MCAU via BTC Markets.