Bitcoin Rebounds Above $110,000

Bitcoin (BTC) rebounded above $110,000 on June 9, regaining lost ground from last week’s selloff as investors returned to digital assets, driven by strong ETF inflows, easing macroeconomic tensions, and renewed optimism across risk markets.

The world’s largest cryptocurrency reached an intraday high of $110,653 from a daily low of $105,426 during the Asia and UK trading sessions. As of the latest update, Bitcoin was trading at $110,200, reflecting a 4.10% increase over the past 24 hours.

The sharp increase is attributed to strong demand from institutional and corporate buyers, particularly through spot Bitcoin ETFs, which are playing a significant role in this uptick. Additionally, easing geopolitical tensions between the US and China, alongside the emergence of a US Bitcoin reserve, has reinstated optimism in the market.

Spot exchange-traded crypto funds issued by prominent US firms, including BlackRock and Fidelity, have collectively seen over $11 billion in inflows over the past seven weeks, further solidifying Bitcoin’s status in traditional financial portfolios.

On-chain data indicates a decline in BTC reserves on centralized exchanges, implying reduced selling pressure as prices rise. This recent increase may help restore investor confidence after Bitcoin struggled to maintain levels above $108,000 earlier in the week.

Furthermore, Bitcoin’s rally is complemented by recent acquisitions from notable firms, with one strategy confirming a purchase of 1,045 BTC between June 2 and June 6. Furthermore, corporate interest in adopting Bitcoin for treasury assets continues to grow, with filings gaining momentum in recent weeks.

Despite ongoing volatility, the $110,000 breakout potentially sets the stage for Bitcoin to reach $115,000 and even $120,000 if macro conditions remain conducive, aligning with Standard Chartered’s projections for the second quarter.

The wider crypto market displays resilience, despite being far from all-time highs. Ethereum (ETH) rose nearly 6% to $2,660, while Solana (SOL) saw a 4% increase to $159 at the time of writing.

Additional cryptocurrencies such as BNB and XRP were up by 2% and 2.53%, respectively, while Dogecoin (DOGE) and Sui both experienced approximately 6% increases over the past day.

However, the optimism is tempered by the possibility of sharp reversals due to potential ETF outflows or renewed macro pressures from geopolitical risks.

As of June 10, 2025, at 12:06 am UTC, Bitcoin holds the #1 rank by market cap, priced at $110,200, which is up 4.18% within the last 24 hours. The market capitalization is $2.19 trillion, with a 24-hour trading volume of $57.45 billion.