Why Is Crypto Up Today? Multiple Bullish Factors Drive Market Rebound

June 2025, Bitcoin price Strongly reclaiming lost ground, with a daily rise exceeding 4%, it has re-approached the 110,000 USD mark, just a step away from the historical high of 111,980 USD set in May. Major coins such as Ethereum and Solana have also risen by 4%-5%, while the meme coin sector is collectively warming up, with the total market value of crypto assets surpassing 2.2 trillion USD. This surge driven by policies, capital, and technology is reshaping the global allocation logic of funds towards digital assets.

Macro Policy Shift: Trade and Regulatory Easing Inject Strong Confidence

Sino-US Tariff Agreement Alleviates Market Anxiety

On May 12, the joint statement of the China-US Geneva economic and trade talks announced a cumulative reduction of 115% in tariffs, exceeding market expectations. This measure significantly eased global concerns over escalating trade wars and pushed the prices of risk assets to rebound. Earlier, in early April, when Trump signed the “reciprocal tariff” policy, Bitcoin had plummeted to $74,400, and the US stock market evaporated $6.6 trillion in market value in a single day.

Breakthrough Progress in Global Stablecoin Legislation

• Hong Kong’s “Stablecoin Regulation” is implemented: effective May 30, requiring all stablecoin issuers pegged to the value of the Hong Kong dollar to apply for a license, laying the foundation for compliance.
• The U.S. GENIUS Act passed procedural voting: On May 19, the Senate advanced the stablecoin regulatory framework with a vote of 66 to 32, banning the disorderly circulation of algorithmic stablecoins. The clarity in regulation attracts nearly $100 billion in new funds to be injected into the crypto market through compliant channels.

SEC’s Disruptive Policy Shift

The new chairman Paul Atkins publicly criticized the previous administration’s suppression of self-custody wallet policies, defining “self-custody rights” as a fundamental American value that allows for non-intermediated on-chain financial activities. This position opens up a compliant pathway for decentralized exchanges (DEX) and staking services.

Institutional Funds Pouring In: Public Companies Spark “Coin Hoarding Trend”

Glassnode data shows that the non-liquid supply of Bitcoin has reached a historic peak, indicating that the rise is led by institutions rather than retail speculation. As of June 17:

• The number of publicly traded companies holding coins globally has reached 124, an increase of 39% since early April, with a total holding of over 816,000 bitcoins and a market value of approximately 85 billion USD.
• MicroStrategy increases financing by 2.1 billion USD to hoard coins: has purchased Bitcoin for eight consecutive weeks, accumulating a total of 580,955 coins, with a floating profit of over 23 billion USD.
• BlackRock’s coin holdings are approaching Satoshi Nakamoto: holding 620,252 coins of Bitcoin, its spot Bitcoin ETF (IBIT) ranks among the top 25 ETFs in the US with a scale of 72.4 billion USD, and is expected to become the world’s largest Bitcoin holder by 2026.

Technical Analysis and Market Sentiment Resonance: Bullish Signals Intensively Released

Technical Indicators Forming “Golden Cross”

Bitcoin’s 50-day moving average has crossed above the 30-day moving average, a historical bullish pattern that has often indicated a bull market cycle. The current price is stabilizing at the key support level of 107,000 dollars, with a short-term target pointing towards 120,000 dollars.

The derivatives market releases high confidence signals

• Ethereum ETF has seen net inflows for 15 consecutive days: diverging from Bitcoin ETF, indicating a shift in institutional allocation strategies.
• XRP Open interest surged to $5 billion: Increased leverage trading triggered expectations of a short squeeze, pushing the price to break through $2.22.

Top institutions raise price expectations

• Standard Chartered Bank: Year-end target of $200,000, potentially rising to $500,000 by 2029.
• HashKey: Expected to reach a high of $150,000-$180,000, volatility remains high but the market narrative is heating up.

Concerns Amidst Prosperity: High Volatility Risks Persist

Despite optimistic market sentiment, the public conflict between Trump and Musk on June 6 still led to a 3% single-day plunge in Bitcoin, causing 227,000 investors globally to get liquidated, resulting in a loss of $981 million. Major Bitcoin holder James Wynn’s 40x leveraged long position was liquidated, evaporating $16.14 million in an instant. This serves as a warning to investors: regulatory games, whale sell-offs, and geopolitical conflicts remain the triggers for severe short-term price fluctuations.

Future Outlook: Compliance and AI Integration Open Up New Scenarios

As the SEC in the United States advances the “Specialized Regulatory Framework for Crypto Assets”, project teams are shifting from “regulatory avoidance” to “internal compliance”.

Jeffrey Kendrick, Head of Digital Assets at Standard Chartered Bank, pointed out: “The strategic reallocation of U.S. assets combined with continuous buying by large holders will extend Bitcoin’s rise into the summer.” As technological innovation, policy dividends, and institutionalization converge, the crypto market is accelerating its integration into the global financial system’s arteries.