The largest cryptocurrency, Bitcoin (BTC) 
$91,967, marked its highest quarterly close in history, reaching $107,149 on the Bitstamp exchange. After experiencing a decline of 11.6% in the first quarter, Bitcoin gained approximately 30% in the second quarter. This performance also led to the highest monthly close ever recorded for the cryptocurrency, achieving a consecutive rise for the third month.
Bitcoin’s Striking Quarterly and Monthly Performance
In April, Bitcoin’s price surged by 14.11%, followed by an 11.11% rise in May. Although June’s increase was a more modest 2.4%, it contributed to the record quarterly close. This sustainable upward momentum laid the groundwork for a robust quarter overall for the leading cryptocurrency.
In May, Bitcoin reached its current all-time high of $112,000. With the current price levels hovering around $107,000, Bitcoin remains tantalizingly close to surpassing this record. This proximity keeps anticipations of a new record alive among investors.
Institutional Demand and Interest in ETFs Impress
Significant institutional demand, especially from large-scale investors, underpins Bitcoin’s strong performance. One of the most tangible indicators of this demand is the remarkable activity seen in spot Bitcoin ETFs.
Spot Bitcoin ETFs experienced net fund inflows for 15 consecutive days. Such prolonged fund influx highlights the market’s confidence and institutional commitment to Bitcoin’s long-term potential. The steady flow of funds not only supports market liquidity but also provides robust backing for the price.
