The price of Bitcoin saw a modest increase of 2.55% in June, not exceeding its May $ 112,000. The cryptocurrency continues to operate within a narrow range, which reflects a consolidation period, according to the latest Bitcoin’s monthly report of Ark Invest.
A significant development in the report is the increase in long -term holders. (LTHS)which now has 74% of Bitcoin’s total supply, a level not seen in 15 years. This suggests a strong conviction among experienced investors, even when the influx of new buyers decreases.
However, the report also points to a decrease in capital flows in the chain during the second quarter, measured by the value-value-value-value (MVRV) Impulse metric. This recession indicates a cooling in market enthusiasm and a potential change in the feeling of investors.
In the broader economic context, the US dollar (as measured by the Nominal Broad Nominal Trade Dollar Index) Keep up, challenging the dominant narrative of dollar degradation that has fed the long -term upward feeling in cryptography.
Meanwhile, inflation showed continuous relaxation signs, asking questions about Bitcoin’s traditional attraction as inflation coverage, although, on the other hand, lower inflation can also lead to lower federal financing rates, something that tends to increase risk assets such as technological and cryptocurrency actions.
The house seems to be a weak link, the report said, highlighting an increasing gap between the owner’s high expectations and a strong fall in housing sales. This divergence suggests a potential tension in consumer confidence and a broader economic activity.
