Bitcoin exceeds $ 106,000 amid optimistic traders' sentiment

On Monday, June 16, Bitcoin BTC $106,611.57 Bitcoin 1.20% Market capitalization $2.12 trillion VOL. 24 hours $1.14 billion tradedabove $ 106,000, demonstrating resilience amid geopolitical tensions, including the conflict between Iran and Israel. This was reported by The Block. Despite a short-term drop of 4% due to news of Israeli strikes on Iranian nuclear facilities, bitcoin quickly regained its position.

BTC Markets analyst Rachel Lucas noted that the current fluctuations in value are due to a combination of institutional flows, macroeconomic data, and geopolitical risk. The Fear and Greed Index is currently at 61, indicating «optimism with caution» among investors. According to Vincent Liu, CIO of Kronos Research, despite the turbulence, there is still strong global liquidity and demand from major players, which could pave the way for a new price breakout once the situation stabilizes.

Last month, spot bitcoin ETFs attracted net funds of $ 5.23 billion, a level comparable to the period of Donald Trump’s election. This is considered an important bullish signal for the market. Lucas emphasized that the breakthrough through the resistance level of $ 106,406 opens the way to a historic high.

Against the backdrop of bitcoin’s growth, ethereum rose by 1.48% to $ 2,569. Despite the dominance of BTC at about 65%, analysts note the growth of institutional interest in ETH, which may be strengthened by new DeFi initiatives.

This week, the markets are focused on the Federal Open Market Committee (FOMC) meeting on Tuesday and Wednesday. Investors are closely watching the likely decision on the rate, which, according to the CME FedWatch Tool, is 96.7% likely to remain at 4.25−4.50%. However, Trump’s pressure on Fed Chairman Jerome Powell to cut the rate by one percentage point could create new tensions. The market may also be affected by possible statements by the SEC and the US Treasury regarding ETFs or stablecoins.