Bitcoin Surges 107% to $107,000 on Institutional Investments

Bitcoin (BTC) has surged past the $107,000 mark, driven by easing Middle East tensions and significant institutional investments. This renewed risk-on sentiment has led to a ten-day streak of positive flows into Bitcoin products, with US spot Bitcoin ETFs seeing roughly $350 million in net inflows on June 23 alone. Traditional safe havens like oil and gold declined amid the ceasefire news, indicating that traders are confident the crisis will remain contained.

This bullish momentum has extended to the broader digital asset market, with particular attention on a Bitcoin-linked project called Bull Token (BTCBULL). This top-trending meme coin has already raised over $7.3 million during its presale. Investors are attracted to BTC Bull Token’s innovative reward system, which is directly tied to Bitcoin’s performance. Presale buyers have just five days to purchase BTCBULL for $0.00258 before the token generation event and exchange listings.

Corporate giants are also showing confidence in Bitcoin, with Michael Saylor’s company quietly buying into the recent dip. The company recently announced a fresh purchase of 245 BTC for about $26 million, bringing its total treasury to 592,345 BTC. Other corporations, such as Japanese company Metaplanet, have also been stockpiling Bitcoin, adding 1,111 BTC to its reserves, raising its treasury to 11,111 BTC. These moves highlight a growing willingness among firms to use Bitcoin as a strategic asset.

Bitcoin quickly filled a CME gap, showing high resilience on its charts. When the Bitcoin futures market closes on Friday and reopens Sunday evening, large price moves during this downtime can leave gaps. These gaps often close quickly after markets reopen, as traders keep a close eye on them as potential indicators. According to popular analyst Daan Crypto, BTC opened with a roughly $4,000 CME gap this weekend, dropping sharply before rebounding to fully close the gap on Monday.

Amid these bullish conditions, many traders are turning to Bitcoin-adjacent projects that could ride Bitcoin’s sustainable growth. One such play is BTC Bull Token, which packages Bitcoin’s upside into a high-reward framework for retail investors. The project’s whitepaper and roadmap outline several BTC-linked milestones. For example, once Bitcoin reaches $150,000 and $200,000 for the first time, BTCBULL holders will receive real BTC airdrops. When Bitcoin crosses $250,000, the project will also offer its holders a special one-time airdrop of BTCBULL tokens worth 10% of the token supply.

The BTC Bull Token project will also permanently burn a portion of BTCBULL supply at designated price points (the first burn when Bitcoin hits $125,000, subsequent burns at $175,000 and $225,000). Each burn will remove BTCBULL tokens from circulation, driving scarcity and a potential increase in token value. BTC Bull Token also offers high-yield staking: holders can lock up their tokens in a rewards pool, earning an APY of up to 55%. This means presale buyers can passively increase their BTCBULL holdings and boost their reward share down the line, simply by staking even before the presale ends.

Many Web3 experts and analysts expect BTC’s corporate and institutional accumulation to continue gaining momentum in the coming years. This is why crypto commentators are quite optimistic about BTC Bull Token’s growth during the next bull cycle. The BTCBULL token presale will end on June 30, giving early buyers a limited window of just around six days to buy BTCBULL for $0.0258 before it hits exchanges. To buy BTCBULL tokens, visit the official BTC Bull Token presale website and connect a Web3 wallet. The site accepts cryptos like ETH, BNB, USDT, USDC, and traditional credit/debit cards. Buyers can also immediately start staking their tokens for a double-digit APY during the presale phase.