In May, Bitcoin saw significant gains, nearing a 10% increase. Investors are prepping for even larger gains in June amidst market developments.
Bitcoin Market and Corporate Investors
For the second consecutive month, Bitcoin ended positively. According to Bitcoin Treasuries, the amount of Bitcoin held by publicly listed companies rose by 4% to $85.6 billion. Spot ETFs attracted $5.6 billion in May, supporting the cryptocurrency's steady growth.
Impact of Macroeconomic Factors on Demand
Although the end of April was marked by stress due to Donald Trump's tariff decisions, which temporarily brought prices down to $76,000, Bitcoin quickly rebounded, closing May with a 13.5% increase. Analysts like Chris Rhine from Galaxy Digital warn that the market remains exposed to shocks due to policy uncertainties and potential major shifts.
Regulation and Technical Targets for Growth
Investors keep an eye on three important aspects: ETF flows, corporate treasury behavior, and regulatory progress. The GENIUS Act bill, which may influence stablecoin regulation and thus Bitcoin liquidity, is a focal point. Technical indicators suggest that continued upward movement could see prices reaching $130,000.
In conclusion, Bitcoin continues to demonstrate interesting results despite existing risks. Investors and analysts are optimistic as they look toward June, anticipating positive changes in the market.
