BTC/USD: Bitcoin Prices Cool to Start June Trading Near $105,000 After Logging Historical May
Land of the records, thatâs how Mayâs charts turned out for the OG crypto. Can it push even higher in June? Say, $120,000? â Bitcoin Signs Off with May GainBitcoin prices were coasting near $105,000 early Monday after knocking out May in true bullish fashion. The flagship token added a solid 11% to its valuation last month â but, and more importantly, it signed off on a new all time high. Just under , thatâs what made May a historical month as traders ramped up their bullish bets, driven by crypto-friendly legislation in the US and favorable macroeconomic tailwinds (think cooling inflation and bigger chances of rate cuts). Worth saying, made some headlines, too. During May and the last week of April, the Bitcoin-native ETFs in the US pulled in a in net new money, crushing records again. â Next Stop, $120,000?Against that backdrop, some chill time in early June might be a healthy breather. Bulls are watching closely for a clean breakout above $107,000, which could ignite a fresh push toward $120,000. At present, sideways movement wouldnât be a bad thing â it would let the market build support and shake out weak hands (that you?). Besides the record high in May, there isnât a lot Bitcoin can brag about. Even if you zoom out to the start of 2025, thereâs a tiny 12% year-to-date gain thatâs considered pocket change by crypto standards. đ¤ Ethereum, the Bigger GainerSo whatâs next for crypto? The whole market is swimming in a $3.3 trillion pool of capital with Bitcoin flaunting the bigger chunk, commanding a massive 64% of that capital at work. Ethereum , the second-largest token, has been making waves lately. It even with a monster 41% gain in May, compared to Bitcoinâs 11% pop. New developments around crypto regulations out of the US could stir the space and lead to some nice trading opportunities. Stay en garde also for any surprising .