Author: Monicah W

Bitcoin exchange-traded funds (ETFs) saw strong demand yesterday, with total net inflows exceeding $350 million. This followed BTC’s breakout past the $105,000 resistance level to close above the $110,000 price.

With strengthening bullish pressure, the leading coin is poised to continue its rally, further fueling the demand for ETF products. 

BTC ETFs See $386 Million Inflows as Investor Confidence Returns

On Monday, BTC spot ETFs recorded net inflows of $386.27 million. This capital inflow marked a significant shift in market sentiment following last week’s decline. 

These inflows reversed the previous week’s trend of net outflows, as BTC’s lackluster performance and waning investor confidence had dragged down demand. The surge followed BTC’s breakout above the $105,000 resistance level, with the asset closing at $110,263 during yesterday’s trading session.

As a result, renewed optimism spread across the market, driving heightened activity in ETF trading as well. On Monday, Fidelity’s CBOE-listed FBTC fund led the charge, posting the largest single-day net inflow among all US BTC ETF issuers.

BTC Futures and Options Flash Bullish as Price Holds Above $109,000

BTC trades at $110,227 at press time, up 4% over the past day. The coin’s funding rate has flipped back into positive territory on the derivatives front, signaling a shift toward bullish market positioning. It currently stands at 0.0017%. 

The funding rate is a periodic payment exchanged between traders in perpetual futures contracts to keep prices aligned with the spot market.

When its value is positive, it indicates bullish sentiment and a higher demand for longs. It means that traders holding long BTC positions pay those holding short positions, a trend that could drive the coin’s value upward in the near term.

Furthermore, traders are buying BTC call options today, signaling growing bullish sentiment on the asset’s future price.

Therefore, the combination of institutional inflows, rising price momentum, and a return to positive sentiment in derivatives suggests that the market may be entering a renewed accumulation phase.

The post Bitcoin ETFs Heat Up With $386 Million Inflows After Price Spike | ETF News appeared first on BeInCrypto.

Bitcoin (BTC) is trading with a bullish bias, driven by renewed optimism surrounding US–China trade negotiations and signs of détente between Donald Trump and Elon Musk, two of the world’s most powerful men.

The momentum shift in geopolitical and social dynamics helped push global markets higher. While Chinese stocks in Hong Kong enter a bull market and the S&P 500 approaches its February highs, Bitcoin may be poised for a new all-time high (ATH).

Trade Diplomacy Reignites Risk Appetite

BeInCrypto data shows Bitcoin surged nearly 4% in the last 24 hours and was approaching the $110,000 threshold. As of this writing, BTC was trading for $109,275, steadily approaching its $111,814 ATH recorded on May 22, 2025.

The surge follows a high-level trade discussion between the US and China, which resumed on Monday, June 9, at London’s historic Lancaster House.

“I am pleased to announce that Secretary of the Treasury Scott Bessent, Secretary of Commerce Howard Lutnick, and United States Trade Representative, Ambassador Jamieson Greer, will be meeting in London on Monday, June 9, 2025, with Representatives of China, with reference to the Trade Deal. The meeting should go very well,” Trump said in a Truth Social post on June 6.

According to a Bloomberg report, the meeting stretched more than six hours and will continue into Tuesday, June 10.

Treasury Secretary Scott Bessent leads the US delegation alongside Commerce Secretary Howard Lutnick and US Trade Representative Jamieson Greer. They attempt to strike a deal with China’s Vice Premier He Lifeng over technology export controls and rare earth shipments.

Expectations are that the US may ease export restrictions on chip design software and advanced materials. In return, they would get increased access to China’s rare earth supply.

The Trump administration remains firm on protecting high-end semiconductor technologies like Nvidia’s H2O AI chips. However, Reuters reported that officials hinted at a broader willingness to compromise.

Bitcoin’s strong recovery highlights its increasing sensitivity to global macro winds. Controversial trader James Wynn anticipated market optimism in a June 6 post on X (Twitter).

“Once this trade deal is cleared up, another green light for crypto to start rallying,” Wynn wrote in a Friday post.

Trump–Musk Feud Cools, Fueling Crypto Greed

Another boost to Bitcoin sentiment likely stems from an unexpected détente between Elon Musk and Donald Trump, after their online feud roiled crypto markets, causing nearly $1 billion in liquidations.

The richest man in the world and the most powerful man appear to be extending olive branches.

The softening of Musk and Trump’s hostilities coincides with a sharp shift in investor mood. Bitcoin’s rebound pushed the Crypto Fear & Greed Index into “Greed” territory. The change in sentiment came as traders interpreted the Musk–Trump rapport as a stabilizing force amid broader volatility.

Nevertheless, speculation is that the conflict may have been engineered or orchestrated.

“The Trump-Musk Feud: A Staged Manipulation… They’re orchestrating the drop – but not joining in themselves… The abrupt emergence of the Musk-Trump clash is not accidental… Collaboratively, they unsettle retail, paving the way for fresh market surges,” wrote DeFi researcher Qmo.

Blockchain data supports the claim, showing large BTC accumulations by whale wallets during the feud’s peak.

Bitcoin’s recovery highlights how tightly the crypto market is tethered to high-level diplomacy and narratives surrounding influential actors like Trump and Musk.

With talks between the US and China set to continue today, and Musk’s perceived realignment with Trump, traders are watching for confirmation of de-escalation and potential policy clarity.

At the time of writing, Bitcoin is trading at $109,406, with altcoins also beginning to move. CoinGecko data shows Ethereum is up by over 7% in the last 24 hours, while Solana (SOL) and Dogecoin (DOGE) surged by over 5%.

If Tuesday’s session in London yields concrete progress, Bitcoin could rally further, potentially establishing a new all-time high, especially with altseason narratives gaining traction.

The post Bitcoin Rallies on US–China Trade Progress and Musk–Trump Truce appeared first on BeInCrypto.

Solana-based meme coin FARTCOIN is today’s top-performing asset, climbing almost 20% in the last 24 hours. The meme coin extended its gains after Coinbase added it to its listing roadmap on June 5.

Technical and on-chain data signal that market participants are pricing in a potential Coinbase listing, historically known to provide a short-term price boost for newly added assets.

FARTCOIN Builds Momentum With Coinbase Boost 

Since Coinbase announced FARTCOIN’s inclusion in its listing roadmap, there has been a surge in trading activity around the meme coin. Technical readings show a marked increase in buy-side volume, hinting at the possibility of an extended rally.

For example, readings from the token’s Moving Average Convergence Divergence (MACD) indicator show that a golden cross has been formed. This bullish signal typically suggests growing upward momentum.

An asset’s MACD indicator identifies trends and momentum in its price movement. It helps traders spot potential buy or sell signals through crossovers between the MACD and signal lines. The golden cross pattern emerges when the MACD line (blue) crosses above the signal line (orange), indicating a potential bullish shift in the market trend.

When the MACD line is above the signal line, it indicates bullish momentum, suggesting that the asset’s price may continue to rise. The successful formation of the golden cross will strengthen FARTCOIN’s rally and drive more gains as demand climbs. 

Furthermore, the altcoin’s Relative Strength Index (RSI) lies above the 50-neutral line, showing an upward trend at press time. It is currently at 54.56, reflecting the demand for FARTCOIN.

The RSI indicator measures an asset’s overbought and oversold market conditions. It ranges between 0 and 100. Values above 70 suggest that the asset is overbought and due for a price decline, while values under 30 indicate that the asset is oversold and may witness a rebound.

FARTCOIN’s RSI reading highlights the growing demand for the altcoin, which could push it to new highs in the short term. 

FARTCOIN Inches Closer to $1.46, But Profit-Taking Poses Risks

The meme coin trades at $1.25, inching closer to the resistance at $1.29. If demand strengthens and FARTCOIN flips this price level into a support floor, it could open the door to a rally toward $1.46.

However, if profit-taking commences, this bullish outlook will be invalidated. In that scenario, FARTCOIN could lose its recent gains and fall to $1.16.

Should this level fail to hold, the FARTCOIN token could correct further to $0.94. 

The post FARTCOIN Leads Crypto Market Rally as Coinbase Hype Deepens appeared first on BeInCrypto.

As publicly listed companies increasingly consider accumulating digital assets as part of their financial strategies, Bittensor (TAO) is emerging as a strong contender alongside options like Bitcoin, Ethereum, Solana, and XRP.

Experts and recent moves by companies such as Oblong and Synaptogenix reinforce the belief that TAO could become a store of value.

Which Public Companies Have Chosen Bittensor (TAO) for Strategic Reserves?

Recently, Oblong, a Nasdaq-listed IT solutions provider, announced its plan to raise $7.5 million through a private stock offering. The funds will support its digital asset and AI strategy, which is based on Bittensor.

According to a press release on June 6, the company will primarily use the money to purchase TAO tokens and to develop the decentralized AI market, including Subnet 0. This strategy aims to generate yield from holding TAO. After the announcement, Oblong’s stock jumped 12%, with nearly 2 million shares sold at $3.77 each.

In addition, Synaptogenix, another Nasdaq-listed firm, revealed its plan to initially acquire $10 million worth of TAO, more than double the company’s current market capitalization.

“Based on our initial review, we believe the fixed market supply of 21 million TAO tokens alongside rapidly increasing global demand for AI development and adaptation makes TAO a compelling cryptocurrency,” Joshua Silverman, Chairman of the Board, said.

Synaptogenix has set a long-term goal to increase its TAO holdings to $100 million. The effort is led by well-known crypto and AI expert James Altucher.

Altucher emphasized that this strategy focuses not just on potential profits from staking and token price growth. It also aims to rebrand the company’s name and stock ticker to reflect its TAO-based digital asset strategy. This demonstrates Synaptogenix’s strong belief in Bittensor’s long-term potential.

Oblong and Synaptogenix’s moves come as other companies are choosing Solana (SOL), XRP, or Ethereum as strategic reserves.

Analyst Predicts TAO Could Become a Top 3 Altcoin

Many industry experts also share a positive outlook on TAO. Their confidence is driven by the fact that Bittensor operates a token economy with a fixed supply, similar to Bitcoin, and incentivizes participation and contributions to the network.

A recent report by BeInCrypto showed that the number of subnets on TAO has reached a new all-time high. Institutional investors are also beginning to eye TAO for its staking returns.

“TAO is the only project that has the necessary ingredients to get to the level of BTC. Top 3 is inevitable,” hedge fund manager Pedro Teixeira, predicted.

According to data from CoinMarketCap, TAO is currently the top altcoin among AI tokens, with a market cap of over $3.8 billion. It also holds a leading position in Grayscale’s AI Sector. Meanwhile, AI tokens continue to be one of the most prominent themes in the market today.

At the time of writing, TAO is priced at $434, up 25% since the beginning of the month. However, to overtake XRP and become a top 3 altcoin—as Pedro Teixeira predicts—TAO’s price would need to increase fivefold.

That said, this expectation may face headwinds. Bitcoin dominance is on the rise again in June, and altcoin season has yet to arrive. Furthermore, some experts warn of risks if the trend of public crypto vehicles spreads widely to altcoins beyond Bitcoin.

The post Bittensor (TAO) Becomes the Next Pick in the Wave of Public Crypto Treasuries appeared first on BeInCrypto.

Bitcoin’s price has surged over the last few days, reigniting hopes of reaching a new all-time high (ATH). As of the latest price action, BTC is just inches away from breaching the $110,000 resistance. 

Despite the strong momentum, Bitcoin may struggle to form a new ATH if external factors such as the upcoming CPI report is weighed in.

Bitcoin Investors’ Greed Rises

Trader sentiment has been on the rise recently, signaling an increase in optimism. However, this shift toward bullishness could be a warning sign of an impending market top. As Bitcoin enters the Greed zone, it raises concerns that the asset could be overbought. Historically, this has been a signal that Bitcoin’s price is reaching its peak, and a reversal could follow soon after.

While the market sentiment may suggest a continuation of the bull run, Bitcoin has often extended its rise even while in the Greed zone. This mixed signal has left investors uncertain, as the typical pattern of a market top may not always apply. As Bitcoin inches closer to its $110,000 resistance, the heightened optimism could also set the stage for a price correction.

Bitcoin’s macro momentum is heavily influenced by the upcoming Consumer Price Index (CPI) report, scheduled for release on June 11. The CPI for May is forecasted to rise by 0.2%, which would increase the year-over-year (YoY) inflation rate from 2.3% in April to 2.5%. This increase could contribute to market uncertainty, especially if inflation remains higher than expected.

Additionally, recent selling behavior in the market has contributed to a more cautious investor outlook. The rising red bars on the chart indicate rising Bitcoin sales by investors.

This, combined with the CPI data, could lead to bearish sentiment, prompting a decline in Bitcoin’s price. Investors may adjust their positions, anticipating that the rising inflation could negatively impact Bitcoin’s growth, especially if market expectations are not met.

BTC Price Is Close To A New High

Bitcoin’s price is currently at $109,480, just below the critical $110,000 resistance. Although BTC briefly crossed this resistance in the past 24 hours, the broader market signals suggest a potential price drop. With rising trader sentiment and the looming CPI report, Bitcoin could struggle to maintain its current level.

If the CPI report fails to meet investor expectations, Bitcoin could drop to its next support level of $108,000. This decline would be in response to the bearish sentiment surrounding the potential inflation rise. A failure to break above the $110,000 resistance could signal a more prolonged downturn for Bitcoin’s price, sending it to $108,000 or $106,265, wiping a chunk of the recent gains.

On the other hand, if the CPI report comes in below expectations, showing a YoY inflation rate of 2.1% instead of 2.3%, Bitcoin could experience a bounce back. In this case, securing $110,000 as support could lead Bitcoin toward its ATH of $111,980 and beyond. A positive CPI report would likely renew investor confidence, pushing Bitcoin to new highs and invalidating the bearish outlook.

The post Bitcoin Price Rise To New All-Time High Could Be Hindered By Rising CPI appeared first on BeInCrypto.