Bitcoin Hits $67,500 on ETF Optimism Amidst Volatile Market Trends
June 2, 2025
Recent regulatory progress includes the advancement of the GENIUS Stablecoin Bill and the SEC's confirmation that staking is not a security, alongside the OCC's authorization for U.S. banks to engage with Bitcoin.
The U.S. government's consideration of a Strategic Bitcoin Reserve highlights the growing institutional adoption of digital assets.
As of June 1, 2025, Bitcoin's price stood at approximately $67,500, reflecting a 2.3% increase in the last 24 hours, likely fueled by optimism surrounding ETFs.
In May 2025, Bitcoin reached an all-time high of $112,000, driven by substantial institutional investments and favorable regulatory developments.
On June 1, 2025, trading volume for BTC/USD on Binance surged by 18%, signaling heightened activity from both retail and institutional traders.
Riya Sehgal from Delta Exchange noted that Bitcoin is currently testing support near $103,900, with upward targets of $110,000 if it breaks above $106,800.
Alankar Saxena, Co-founder of Mudrex, emphasized the significance of Bitcoin's recovery above $105,000 after dipping to $103,200 over the weekend.
The market experienced volatility due to escalated trade tensions from U.S. President Donald Trump, leading to a brief dip in Bitcoin below $104,000 and over $600 million in liquidations.
Corporate giant Strategy's purchase of $2.7 billion in Bitcoin across four tranches reflects robust institutional demand.
Traders are advised to closely monitor ETF flow trends, as they can precede significant price movements and volatility in the cryptocurrency market.
Long-term forecasts for Bitcoin suggest potential peaks between $180,000 and $250,000 by year-end, although short-term volatility is anticipated.
Increased institutional participation is expected to contribute to price stability and reduced volatility, potentially paving the way for further BTC price rallies in June 2025.
Summary based on 6 sources
Get a daily email with more Crypto stories
Sources

CoinDesk • Jun 2, 2025
Crypto Soars in May as Institutions, States, and Regulators Embrace BTC
Economic Times • Jun 2, 2025
Crypto Prices Today: Bitcoin tops $105,000 as market eyes Fed signals and institutional flows
Analytics Insight • Jun 2, 2025
Bitcoin Price Holds Above $105K; Key Levels and Market Drivers
BeInCrypto • Jun 2, 2025
$5.23 Billion Floods Into Bitcoin Spot ETFs in May | ETF News