Bitcoin Poised for Record High as Critical Support Holds Strong

Bitcoin's impressive performance in April has set the stage for a potential retest of its all-time high, according to Bitfinex's latest analysis. Despite a significant pullback from its peak earlier in the month, the cryptocurrency demonstrated remarkable resilience, closing April with a 14.08% gain—outperforming its historical averages for the month. This resurgence comes amid challenging macroeconomic conditions, highlighting Bitcoin's structural strength. The key to achieving new record levels lies in maintaining a critical technical support threshold, which has so far held firm. As of June 2025, market watchers are closely monitoring whether Bitcoin can sustain this momentum and break through to unprecedented price levels.

Bitcoin Eyes All-Time High as Key Support Level Holds, Bitfinex Reports

Bitcoin's April resurgence has set the stage for a potential retest of its record peak, contingent on maintaining a critical technical threshold. The cryptocurrency closed the month with a 14.08% gain—outpacing its historical April averages—despite a 32% plunge from its $109,590 high earlier in the period.

Bitfinex's latest analysis underscores the market's structural resilience amid macroeconomic headwinds. The rebound from April's $74,501 low marks Bitcoin's steepest correction in the current cycle, yet the recovery signals robust underlying demand.

Billionaire Ricardo Salinas Pliego Advocates Bitcoin Over Real Estate

Ricardo Salinas Pliego, one of Mexico's wealthiest entrepreneurs with a net worth nearing $6 billion, has publicly declared Bitcoin a superior investment to real estate. In a recent post on X (formerly Twitter), Salinas dismissed property ownership as a "bad investment," framing home purchases as expenses rather than profit-generating assets.

The billionaire practices what he preaches—approximately 70% of his liquid portfolio is allocated to bitcoin and Bitcoin-related investments. His stance challenges conventional wealth preservation strategies, particularly in Latin American markets where real estate has long been considered a safe haven asset.

Bitcoin ETF Inflows Surpass Gold in 2025 as Investors Shift Portfolios

U.S. ETF markets witnessed a historic pivot in 2025 as Bitcoin investment products eclipsed Gold funds despite the precious metal's strong performance. The BlackRock iShares Bitcoin Trust (IBIT) attracted $6.96 billion in year-to-date inflows, overtaking the $6.51 billion flowing into SPDR Gold Shares (GLD). This shift occurred even as gold delivered exceptional returns, signaling changing investor preferences in the digital asset era.

Equity ETFs maintained strong inflows despite negative YTD performance, while short-term bond products gained favor as SAFE havens during market volatility. The total ETF market now holds $10.64 trillion in assets, with $363.2 billion in new capital entering year-to-date.

Binance Founder CZ Predicts Bitcoin Could Reach $1 Million Amid Institutional Adoption

Binance co-founder Changpeng Zhao (CZ) has made a bold prediction that Bitcoin could surge to between $500,000 and $1 million as institutional adoption accelerates. In a recent interview on Rug Radio, CZ highlighted the growing demand for crypto ETFs and US states' accumulation of BTC as key drivers for this potential rally.

Bitcoin is currently testing the $97,000 resistance level, up 3.3% on the day. CZ's forecast aligns with the broader trend of institutional investors entering the crypto space, particularly through US-listed Bitcoin ETFs.

Bitcoin Retailers Retreat as Small Wallet Addresses Decline Amid Market Volatility

Bitcoin's recent volatility has shaken retail investors, with small wallet addresses rapidly offloading holdings as prices dip below $95,000. The dominant cryptocurrency now struggles to regain momentum NEAR $97,000, testing key support levels.

On-chain analyst Ali Martinez observes an exodus of small BTC holders during this corrective phase. Their persistent selling reflects growing skepticism about short-term upside potential, creating headwinds for Bitcoin's recovery narrative.

South Korea's Presidential Frontrunners Pledge Crypto ETF Approval and Industry Deregulation

South Korea's upcoming presidential election is emerging as a pivotal moment for cryptocurrency policy, with leading candidates making bold promises to reshape the regulatory landscape. Lee Jae-myung, the current frontrunner, has committed to legalizing spot crypto ETFs, which are presently prohibited in the country. This MOVE could open doors for Bitcoin (BTC) and other digital assets to gain mainstream investment traction.

Hong Joon-pyo, another prominent candidate, has doubled down on his pledge to deregulate the crypto sector. His platform includes ambitious plans to foster blockchain innovation and VIRTUAL asset development, signaling a potential paradigm shift in how South Korea approaches digital finance.