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Bitcoin extended its rebound through the weekend and into Monday, supported by resurgent macro tailwinds that lifted broader risk sentiment.
Market sentiment improved sharply, with the Fear and Greed Index rising from 46 on June 6 to 55 by June 10, its highest in early June.
Over the same period, total crypto market capitalisation jumped 5.8%, climbing from $3.28 trillion to $3.47 trillion as capital flowed back into digital assets.
Altcoin markets had also flipped positive at the time of writing, with gains seen across nearly all of the top 99 cryptocurrencies.
Why is Bitcoin going up?
Bitcoin’s latest rally comes amid renewed optimism over the outcome of high-stakes trade talks between the United States and China.
As officials from both sides meet in London today, markets are hoping for signs of easing tensions in the long-running tariff standoff.
The talks, led by U.S. Treasury Secretary Scott Bessent, Commerce Secretary Howard Lutnick, and Trade Representative Jamieson Greer, are expected to focus on key tariff barriers that have weighed on global trade.
Traders are closely watching for any post-meeting statements from President Donald Trump, who last week signalled confidence, saying, “The meeting should go very well.”
A meaningful breakthrough could help stabilise risk sentiment, with Bitcoin increasingly viewed as a hedge against macroeconomic uncertainty.
For many, the success of Circle’s listing is a broader vote of confidence in the digital asset industry.
Beyond geopolitics, institutional tailwinds are also fuelling the recovery.
Circle, the issuer of USDC, officially began trading on the New York Stock Exchange last week and saw overwhelming demand that forced underwriters to upsize the offering by one-third..
The long-awaited public debut is being seen as a vote of confidence in digital asset infrastructure, boosting investor sentiment around crypto’s integration with traditional finance.
In another key development, The Blockchain Group, a Paris-based firm positioning itself as Europe’s first Bitcoin treasury company, announced plans to raise over $340 million to expand its BTC holdings, just one week after purchasing $68 million worth of Bitcoin.
Together, these catalysts have helped Bitcoin regain momentum after last week’s decline.
If macro conditions continue to stabilise, analysts say BTC could soon test resistance levels last seen before the recent slump.
What’s next for Bitcoin?
Bitcoin managed to push past $106,000 over the weekend and reached as high as $107,000 on Monday, before encountering seller pressure near key resistance.
The weekly close brought BTC/USD back near its opening level, effectively marking a full-circle recovery that traders say could carry technical significance.
Analyst Rekt Capital noted that Bitcoin had broken its two-week downtrend and identified $106,600 as a key resistance level that needed to be flipped into support.
At the time of writing, Bitcoin had moved above that level, and a confirmed daily close could help solidify a stronger bullish bias.
Bitcoin’s recent performance also marked its fourth consecutive weekly close in the green.
Rekt Capital pointed to $104,400 as an important level that held, though a definitive bull market structure still appeared to be developing.
Others see signs that Bitcoin may be building strength after its recent dip to $100,000.
Trader CryptoKing described Bitcoin’s current structure as the “calm before the storm,” noting that Bitcoin was compressing just below $107,800 in what they called a classic volatility squeeze, with higher lows, fading volume, and a cooling RSI suggesting a breakout could be imminent.
BTC/USD 1-day chart. Source: CryptoKing/X
Market participants are also keeping a close eye on liquidity patterns. Over the past month, Bitcoin’s price has frequently moved sharply in both directions to tap into thick liquidity zones.
Daan Crypto Trades said the $100,000 mark now represents the key level to watch on the downside, warning that a break below it could “really accelerate” the correction.
The $BTC Liquidation chart is telling the same story as the charts where the big liquidity clusters are lining up nicely with important key levels. Below $100K and Thursday’s low is where things can really accelerate and see continuation of this current correction. But above
However, they also flagged upside liquidity near all-time highs at $112,000 as a likely target if bulls maintain momentum.
Beyond technicals, macro factors are expected to impact Bitcoin’s trajectory.
This week’s release of U.S. inflation data, including the May CPI and PPI prints on June 11–12, will serve as a crucial gauge of market sentiment.
Although inflation has been gradually slowing in 2025, Fed officials have remained hesitant to commit to rate cuts.
That reluctance has drawn criticism from President Trump and left risk asset traders anxiously watching the central bank’s next move.
According to CME Group’s FedWatch Tool, markets are not expecting a cut at the upcoming June or July FOMC meetings.
However, the possibility of a 25-basis-point cut in September remains open.
Analysts say any signs of softer inflation could revive expectations of looser monetary policy, potentially serving as a tailwind for Bitcoin and other risk assets.
According to Swissblock, a private wealth management firm, inflation data due this week could “unleash volatility” across risk markets.
In a June 9 post on X, the firm noted that while Bitcoin bulls are “slowly rebuilding structure and regrouping,” a short-term pullback to the $104,000 range remains likely.
That cautious outlook was echoed by Mickybull Crypto, who pointed to a head-and-shoulders formation emerging on the daily chart.
The analyst projected a possible retracement to $101,500 before any renewed push to fresh highs.
Some analysts argue that any short-term downside is unlikely to affect the long-term uptrend.
Fellow analyst SuperBro noted that Bitcoin has now held above its highest weekly close from 2021 for four consecutive weeks and hasn’t fallen below the five-week EMA since early May.
According to the analyst, these structural signals suggest that “bulls are fully in control,” and once Bitcoin decisively breaks the long-term trendline stretching back to 2021, the next leg higher could take it to the $140,000–$150,000 range.
$BTC weekly bulls in control with 4 straight closes above the previous highest close and not a single close below the 5 EMA since $84K once it breaks the trendline from 2021 the next leg up should quickly reach $140-150K
Altcoins rebound
Over the past 24 hours, the altcoin market cap initially dropped 3% to $1.3 trillion before rebounding to $1.35 trillion, marking a 0.75% gain over the period.
The relatively flat movement came as the Altcoin Season Index rose to 29, up from 22 just three days ago, signaling a slight weakening in Bitcoin’s dominance.
Ethereum (ETH), the largest altcoin by market cap, rose 0.85% over the past day to trade at $2,541 at the time of writing.
Other major altcoins like Solana (SOL), Dogecoin (DOGE), Cardano (ADA), and Hyperliquid (HYPE) saw gains ranging from 0.5% to 7%, while XRP (XRP) and Tron (TRX) recorded slight losses of 1.1% and 0.76%, respectively.
Kaia (KAIA) led the altcoin rally with nearly 20% gains, followed by Fartcoin (FARTCOIN) and SPX6900 (SPX), which rose 13.7% and 13.3%, respectively.
See below:
Source: CoinMarketCap
Kaia (KAIA) pumped today after the Layer-1 blockchain’s team announced plans to launch a stablecoin pegged to the South Korean won, shortly after the country’s new leadership took office.
The new government has vowed to support the cryptocurrency industry.
Fartcoin (FARTCOIN) extended its rally that began June 6 after Coinbase announced plans for a potential listing.
Meanwhile, SPX6900’s (SPX) gains came after a cryptic post from fiat-to-crypto onramp Moonpay, sparking hype around a possible integration.
The rally also gained momentum after SPX surpassed Bonk in market cap, which was potentially viewed as a bullish sign among traders.
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