PANews, June 30 news, Singaporean encryption investment firm QCP Capital stated that Bitcoin rose in the last moment of the Asian session's early trading, shaking off the low performance in June and catching up with last week's historic highs in the stock market. This rise is partly due to the optimism in Washington, as Trump's $4.5 trillion tax bill broke through a key hurdle in the Senate. A decisive vote will take place today at 9 AM Eastern Time, with Republicans aiming to finalize the bill before July 4. Despite the complex geopolitical situation, institutional fund flows remain strong, with $2.2 billion net inflow into Bitcoin Spot ETF this week, highlighting the demand from large asset allocators. Giants like Strategy continue to increase their holdings, reinforcing the positive market atmosphere.
Bitcoin Spot approaches $108,000, leveraged long positions increase, and the funding rate for perpetual contracts on major exchanges shifts from flat to positive. Ethereum and Solana also rose overnight, influenced by REX Shares.