Bitcoin is trading near $109,900 after reaching a session high of $110,237, marking a 4.2% weekly gain amid sustained institutional accumulation.
Corporate treasuries and ETF inflows continue fueling buying pressure, with firms like Strategy holding 582,995 BTC and Japan’s Metaplanet planning a $5.4 billion capital raise for Bitcoin exposure.
Market focus remains on the upcoming U.S. Consumer Price Index report for May, projected to show a 0.3% month-over-month core CPI increase and 0.2% headline CPI rise, translating to a 2.4% annual inflation rate. The data could significantly sway Federal Reserve interest rate decisions.
Analysts cite broader macroeconomic catalysts, including U.S.-China trade negotiations and regulatory shifts, potentially driving a crypto market “supercycle.” Optimistic institutional forecasts from Bitwise and VanEck envision Bitcoin climbing to $180,000-$200,000 by year-end should inflows persist and macroeconomic conditions ease.