The price of Bitcoin saw a moderate 2.55% increase in June, which failed to exceed it at the Maym of $ 112,000. Cryptocurrency continues to trade within a narrow scope, reflecting a time of integration -Is, according to Ark Invest’s Bitcoin’s latest report monthly.
A significant development highlighted in the report is the increasing long-term holders (Lths)which now holds 74% of the total Bitcoin supply – a level that has not been seen for 15 years. This suggests a strong trust in timely investors, even if the new buyer’s flow is reduced.
However, the report also points to a fall on the on-chain capital flowing in the second quarter, as measured by market-value-to-realized-value (MVRV) Momentum metric. This collapse indicates a cooling of market enthusiasm and a potential transition to investor’s sentiment.
In the broader economic context, the US dollar (As measured by nominal broad -dollar trade weighted dollars) Maintaining climbing, denial of the dominant narrative of the dollar debasement that has packed long-term bullish emotions in crypto.
Meanwhile, inflation has shown ongoing easing signs, raising questions about traditional Bitcoin’s traditional appeal as a fence inflation-though, on the flip side, lower inflation can also lead to lower federal funding rates, something that tends to boost risk-on assets such as tech and cryptocurrencies stocks.
The housing appears to be a weak link, the report mentioned, featuring a growing gap between the raised expectations of the home owner and a sharp fall on home sales. This difference -this is indicative of the potential strain on consumer confidence and greater economic activity.
