Bitcoin (BTC), the leading cryptocurrency, is again drawing market attention. By closing June with a new monthly high, Bitcoin sparked discussions about the possibility of reaching a new all-time high.
Bitcoin Price Record Close
Crypto analyst [PlanB](https://x.com/100trillionUSD/status/1939978602440790104) noted that Bitcoin has surpassed its previous highest monthly close. According to him, BTC ended June at $107,179, marking the highest month close in history. The last monthly highs were recorded in May and January at $104,600 and $102,450, respectively. PlanB is optimistic that these records could lead Bitcoin to new highs.
Impact of Miners on Bitcoin Price in June
Recent Bitcoin mining activities have contributed to BTC reaching a historical record in June. JPMorgan's research states that U.S.-based Bitcoin mining firms saw earnings of approximately $2.0 billion with gross margins of 53%. However, the average Bitcoin network hashrate decreased by about 3% in June, which traders might interpret as a bearish signal.
Surging Institutional Bitcoin Accumulation
Bitcoin continues to attract institutional interest. Leading asset manager BlackRock reported inflows of over $1.3 billion in the first week, indicating rising interest from major players. Additionally, Michael Saylor's strategy for Bitcoin acquisition remains active, having recently purchased 4,980 BTC valued at approximately $531.2 million, boosting his total holdings to 597,325 BTC.
The growing interest from institutional investors and high market activity for Bitcoin create a positive climate for further price growth. These factors may lead to new records in the future.
