Overview

• Bitcoin held around $110,000 for a second straight session, lifting its weekly gain above 4% and keeping it within 2% of May’s record high.
• U.S. Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng reached a framework agreement in London talks that eased fears of renewed tariffs.
• Investors are awaiting the May CPI report, with economists projecting a 0.3% rise in core inflation and Fed funds futures pricing in a 61% chance of a September rate cut.
• Institutional demand was highlighted by BlackRock’s $70 billion iShares Bitcoin Trust, 15 consecutive days of Ethereum ETF inflows totaling $837.5 million and Strategy’s build-out to nearly 583,000 BTC.
• Analysts at Bitwise, VanEck and other firms maintain year-end Bitcoin targets of $180,000 to $200,000, assuming continued inflows and easing macro conditions.