Chinese investors withdrew a record $2.91 billion from domestic gold ETFs in June, driven by a stock market surge and a strong yuan, according to the World Gold Council. This led to the worst single month on record for Asian gold ETFs, despite strong inflows in the first half of the year.
The ANSEM meme coin's 299% surge has reignited interest in Solana's "trenches," a term for its meme coin ecosystem. This rally signals a potential return of high-risk appetite, with Pump.fun seeing significant volume increases. However, concerns about bot manipulation and artificial growth persist, mirroring past cycles.
Bitcoin is trading near two-week highs, with traders watching the $60,400-$60,900 zone as crucial support. US stock markets show record retail risk appetite, potentially signaling continued bullishness despite some warnings of a correction. Exchange inflow data indicates cooling panic among investors.
US President Donald Trump reportedly called FIFA to overturn a red card suspension for striker Folarin Balogun. Prediction markets saw massive trading volumes in June, with Kalshi and Polymarket setting new highs. Oil prices fell amid deescalation in the Iran conflict and an OPEC+ production increase.
The Bank for International Settlements (BIS) warns that the global AI spending boom, projected to exceed $1 trillion by 2026, could trigger financial stress if expected returns disappoint. This could tighten liquidity across equities and credit, potentially impacting Bitcoin as a risk asset.
Bitcoin dropped near $64,900 as Brent crude fell below $80 following a US-Iran peace framework. The market's focus shifts from oil shocks to liquidity, rates, and risk appetite, with the Fed's stance and ETF flows now critical for BTC's recovery.
Bitcoin (BTC) rebounded to $80,000 as US stocks (S&P 500, Dow Jones) ignored high inflation data, reaching new all-time highs. Risk appetite is described as "skyrocketing" with record leveraged ETF AUM. Analysts predict BTC could head to $85,000 next if key support levels hold.
Crypto Today: Bitcoin, Ethereum, XRP face recovery headwinds amid declining risk appetite FXStreet
Bitcoin fell below $80,000 to $78,759.70 on May 13, contrasting with a new S&P 500 all-time high, as the equity rally, driven by megacaps like Nvidia, Apple, and Microsoft, bypassed liquidity assets due to tightening liquidity and AI-driven earnings growth.
Bitcoin is up 14% this month and on track for its fourth consecutive weekly gain, trading around $76,200. The $82,000 CME gap, Magnificent Seven earnings, and the Federal Reserve's policy meeting this week represent key catalysts that could determine whether the rally continues or stalls.
Bitcoin fell 2.86% from its intraday high near $79,500, settling around $77,480 as the S&P 500 gapped lower and risk appetite weakened. The analysis attributes the pullback to profit-taking after a rally from mid-$74,000s, combined with reduced risk exposure as equities softened. Oil remains elevated around $93.96, continuing to influence inflation, yields, and Fed cut expectations. Key support lies at $76,400-$77,500, with $8.07 billion in BTC options expiring April 24 and max pain around $71,500-$72,000.
A falling VIX signals improving risk appetite, boosting Bitcoin’s chances of attracting fresh demand and breaking above the $80,000 level.
