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06/18 07:29

Bitcoin Price Reclaimed $105K, Ahead of the US FOM

Bitcoin Price Reclaimed $105K, Ahead of the US FOMC Meeting on June 18827ec1fa28134c58b024e0caabe6b03d.jpeg


On June 18, Bitcoin recorded an upward trajectory, ahead of the FOMC meeting scheduled later in the US. Bitcoin’s price is supported by continued institutional interest and optimism in the crypto industry.

Bitcoin Reclaimed $105,000

At the moment of writing this article, BTC is trading above $105,000 after an earlier dip to $103,000 levelsBTC_1D_graph_coinmarketcap-2025-06-18T094326.028.jpeg

Institutional interest in Bitcoin continues with June 17 marking the seventh consecutive day of inflows in the crypto products at over $216 million. SoSoValue data shows that since June 9, BTC ETFs recorded inflows, with the biggest inflow day being June 16, above $412 million.As of June 17, the total net assets in BTC ETFs were over $128 billion, and the cumulative net inflow in the crypto products was over $42,6 billion, according to the same data.

Bitcoin’s price is also supported by optimism in the crypto industry, fueled by the latest events in the US.

US Senate Passed the GENIUS Act

On June 17, the US Senate passed the GENIUS ACT in a 51-23 vote, marking the first major crypto legislation to clear the chamber.

Bo Hines, the Executive Director of the US President’s Council of Advisors for Digital Assets, marked the event via a post on X. He explained that the landmark legislation ......

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