Bitcoin prices surged above $109,000 on Monday, rebounding from Friday’s correction, following President Donald Trump’s announcement to delay the 50% tariff on European Union goods until July 9. The news boosted investor sentiment and fueled a mild rise in risk-on sentiment.
US spot Bitcoin exchange-traded funds (ETFs) saw a record $2.75 billion in weekly inflows, surpassing late April’s highest level. This surge in institutional demand has bolstered investor confidence, supporting the cryptocurrency’s price rally.
However, concerns remain as the ongoing Russia-Ukraine conflict escalates. The conflict could trigger volatility and impact Bitcoin prices. It is essential to note that markets and instruments profiled on this page are for informational purposes only and should not be considered investment advice.
Bitcoin dominance, a ratio of its market capitalization to total market capitalization of all cryptocurrencies, has been trending upward, indicating a strong interest in the asset among investors. A high dominance typically precedes bull runs, suggesting that investors may flock to relatively stable assets like Bitcoin during periods of volatility.
Source: https://www.fxstreet.com/cryptocurrencies/news/bitcoin-price-forecast-btc-rebounds-to-109-000-as-us-eu-tariff-delay-helps-sentiment-recover-202505261228