Bitcoin’s in July 3 saw a large-scale shift to the upside. Favorable economic conditions played a major role in driving this, though such conditions aren’t considered normal. There was also continuous investment from institutions. The cryptocurrency saw a 2.5% jump at one point to as high as $109,600. This was a result of higher global liquidity and a constant flow of investments into ETF’s. This bitcoin price rise was significant for the market.
At the core of this trend is the U.S. M2 money supply. In May 2025, it reached a record $21.94 trillion and broke its 2022 peak. That 4.5% year over year growth is a result of wider monetary easing. Analyst Rachael Lucas from BTC Markets reported that “This macro liquidity may not hit crypto immediately but it does eventually, facilitating a rise in the bitcoin price.”
At the same time, the Fed has maintained its dovish position by keeping interest rates at 4.25%-4.5% for the fourth straight time. Furthermore, they are seeing two rate cuts supporting risk assets like Bitcoin. This further contributes to the rising bitcoin price.
Bitcoin Price Increase Driven by Institutions And Trade Peace
To that which was already a positive economic climate, the U.S.-Vietnam trade agreement has put out peace between competing parties. The revised 20% cap on tariffs, down from the earlier 46% proposal—helps reduce global economic friction. Moreover, these conditions create an ideal environment for a rise in bitcoin price.
Institutional investors are the main drivers of Bitcoin’s price increase. Standard Chartered reports that Bitcoin could trade at $135,000 by September and $200,000 by year end. They attribute this to large scale institutional buying. In late June, there were large scale inflows into Bitcoin spot ETFs at $498.9M on June 27 and $565.5M on June 25. This in turn is a very strong indicator of demand.
Bitcoin Price Up Due to Treasury Demand and Market Trends.
Corporate adoption of Bitcoin is at an all time high in 2025. Over 157,000 BTC, valued at $16B, were purchased. MicroStrategy is at the front of this trend and has them up to 528,185 BTC and $12.8B in unrealized Q2 gains. The company’s Bitcoin yield has grown to 7.8%. This marks Bitcoin’s growing use as a treasury asset, contributing to the rise in bitcoin price.
Meanwhile in June, centralized exchange volumes fell by 27% to $1.07T. This is a result of low retail activity. Also, DEXs saw growth and reached a record 28.4% market share, which may be a sign of a trend towards decentralized platforms.
Altcoins are still underperforming; only 9 of the top 100 which did better than Bitcoin in the past 90 days. Ethereum is down 40% from its highs which also proves Bitcoin’s dominance in the price rise narrative.
Technical Outlook Remains Bullish Despite Risks
Bitcoin is at a technical range of $102,000 to $120,00 which is seen as a constructive channel. We saw a bull pin bar play out at the end of June which rejected bearish pressure. In the short term resistance is at $110,000- $115,000 and support is at $104,500.
Still inflationary pressures, large scale capital concentration in institutions, and issues of regulation are key risks. However, should present trends continue, June may report the best month for Bitcoin yet. A further rise in the bitcoin price is expected.
