Factors Driving Bitcoin’s Rise

Interest Rate Cuts on the Horizon

• Probability of a 25-basis point cut has increased to 51.3%.
• Investors anticipate a cut by September.
• Interest rate cuts boost investor confidence in risk assets like Bitcoin.

Spot Bitcoin ETFs Surge

• Weekly net inflows of $170.9 million last week.
• Net inflows of $105.1 million on June 3.
• These ETFs played a role in Bitcoin’s previous all-time high.
• Increased demand for these funds coincides with the launch of Spot Ethereum ETFs.

Bitcoin Still Has Room to Grow

• Crypto analysts believe Bitcoin is far from its market top.
• Logarithmic Market Value to Realized Value indicator suggests growth potential.
• MVRV indicator shows Bitcoin’s price has not yet reached its fair market value.
• Previous bull runs peaked when MVRV reached 3.5 or above, indicating the current run is not over yet.