Overview

• Bitcoin has surged roughly 10% since June 22, reclaiming six-figure territory and trading above $108,000 after sliding below $99,000 during earlier Middle East tensions.
• Spot Bitcoin ETFs have posted ten straight weeks of net inflows, with investors pouring over $46 billion into crypto funds this year.
• Corporate treasuries remain active, as ProCap BTC purchased 1,208 BTC this week at an average $105,977 and MicroStrategy continues accumulating.
• The dollar index fell to 97.27, its weakest since February 2022, prompting reallocations toward higher-yield assets like Bitcoin.
• Traders have ramped up Fed rate cut bets for July, and analysts from Bitget Research project Bitcoin could climb to $130,000–$160,000 by year-end with a 90-day correlation of 0.80 to Nvidia.