$BTC $FLOKI $BNB Bitcoin rose to $71,700 amid record inflows into US spot Bitcoin ETFs.
BNB hit an all-time high of $710, surpassing the market capitalization of major companies, and forecasts suggest it could reach $1,000.
Floki Inu's market capitalization peaked at over $3.2 billion before a slight pullback.
BTC Headed North Again
The price of the main cryptocurrency has been on an upward trend in recent days, reaching $71,700 on June 5. It is currently hovering around the $71,000 mark (according to data from CoinGecko), which represents an increase of 11% on a monthly scale.
The resurgence coincided with record numbers related to spot Bitcoin ETFs in the US. Those products saw a total inflow of nearly $900 million yesterday, the second-best day since their approval in January.Â
Numerous analysts believe that BTC could skyrocket even further in the near future, assuming certain factors are in place. X user Captain Faibik predicted a rise above $90,000 if the asset breaks the âcrucial resistance levelâ of $71,300.
On the other hand, Ali MartĂnez assumed that a pullback is not ruled out based on the TD sequence, which presents a sell signal on the four-hour chart. This technical analysis tool identifies potential price exhaustion points in the market and indicates when a trend is likely to reverse.Â
Still, the X user believes that a new uptrend could eventually follow the possible reversal.
The success of BNB
Binance's native token, BNB, has been making headlines recently. Its price skyrocketed to an ATH of $710 on June 5, while its market capitalization reached the $110 billion mark. Thus, BNB surpassed well-known companies such as Airbnb, Starbucks, UBS and more.