Bitcoin Gains 0.28% as U.S. Equities Hit Record Highs

Bitcoin (BTC) has been trading around $107,343, marking a modest increase of 0.28%. This movement coincides with the surge in U.S. equities, which have reached record highs. The S&P 500 closed at 6,173.07, and the Nasdaq Composite hit 20,273.46. This bullish sentiment in the equity market is driven by progress in U.S.–China trade talks and a general optimism across global risk markets.

The crypto market has mirrored this positive sentiment, with Bitcoin maintaining a position above $107,000 for most of the week, resulting in a 3.8% gain over the past seven days. This rally is supported by positive remarks from U.S. Commerce Secretary Howard Lutnick, who hinted at finalized trade agreements with China and ten other countries. Despite President Trump’s abrupt remarks about ending Canadian trade talks, which temporarily cooled market enthusiasm, equities and Bitcoin held their gains. This behavior suggests that BTC is currently behaving more like a macro risk asset than a speculative outlier.

However, Bitcoin’s upward momentum faces macroeconomic headwinds. The U.S. core PCE inflation rate, the Federal Reserve’s favored gauge, climbed to 2.7% annually in May, just above the 2.6% estimate. Monthly core inflation also rose 0.2%. Fed Chair Jerome Powell has reiterated a cautious, data-dependent approach, stating that rate cuts are far from guaranteed. Trump’s tariff rhetoric has further added to inflation concerns, which in turn keep the Fed hesitant. This cautious stance has weighed on speculative risk-taking, especially in crypto markets. Even as Bitcoin maintains support above $105,000, the upside appears capped until a strong inflation cooldown or monetary pivot emerges.

Bitcoin’s recent price action indicates signs of consolidation rather than expansion. Spot trading volumes have declined, with a decrease in daily transfer volume from $76 billion in May to $52 billion. Meanwhile, futures data also indicates a cooling market, on a 3-month rolling basis, and funding rates are both down. Technically, a bullish Bitcoin price prediction is likely once it manages to break through the $108,250 resistance level. It appears to be a symmetrical triangle or bullish pennant on the 4-hour chart. The 50-EMA at $105,970 provides near-term support, while the MACD has turned flat, signaling caution.

Key technical levels to watch include resistance at $108,250, $109,257, and $110,448, and support at $105,970, $104,991 (Fib 0.382), and $103,984 (Fib 0.5). For now, traders are advised to monitor volume and await a decisive breakout. Without a surge in participation, Bitcoin’s path to $112,000 remains a challenging uphill climb.

With Bitcoin trading near $105,000, investor focus is shifting toward BTC Bull Token ($BTCBULL), a rising altcoin that is nearly fully allocated during its presale. As of today, the project has raised $7,438,492.88 of its $8,397,441 target, leaving under $1 million to be raised before the token price moves to the next tier. Currently priced at $0.00258, early buyers have a limited time to enter before the subsequent price increase takes effect.

BTCBULL ties its value directly to Bitcoin’s price through two smart systems: BTC Airdrops, distributed to holders with priority for presale participants, and Supply Burns, triggered automatically when BTC rises in $50,000 increments. This staking model appeals to both DeFi veterans and newcomers seeking hands-off income. With just hours left and the hard cap nearly reached, momentum is building fast. BTCBULL’s blend of Bitcoin-linked value, scarcity mechanics, and flexible staking is fueling strong demand. Early buyers have a limited time to enter before the next pricing tier activates.