For a deeper dive, see our full XRP forecast here.
Bitcoin Steadies Amid Trade Talks and Treasury Demand
While XRP wavered, bitcoin (BTC) hovered at $110k as US-China trade talks continued. Although US Commerce Secretary Howard Lutnick stated talks were going well early in Tuesday’s session, there were no major developments to trigger BTC breakout. Nevertheless, optimism over a potential agreement bolstered BTC demand.
GameStop Spotlights BTC as a Treasury Reserve Asset
While markets remained fixated on US-China trade talks, GameStop (GME) made crypto headlines on June 10. The company released its Q1 earnings for the quarter ending April 2025, topping earnings estimates. GameStop acquired 4,710 BTC in May and June 2025, aiming to follow MicroStrategy’s bitcoin strategy. However, the firm did not purchase BTC in Q1, limiting the impact of the earnings report on BTC price trends.
Still, increasing interest in BTC as a Treasury Reserve Asset could further constrain supply, a bullish factor.
MicroStrategy (MSTR) Chairman Michael Saylor reaffirmed his bullish stance following the firm’s recent 1,045 BTC purchase, forecasting a $1 million price tag. ARK Invest CEO Cathie Wood recently echoed that optimism, projecting a $1.5 million target by 2030.
US BTC-Spot ETFs Inflows Resume
The US BTC-spot ETF market reflected improved investor sentiment on June 10. According to Farside Investors, key flow trends included:
- Fidelity Wise Origin Bitcoin Fund (FBTC) saw net inflows of $67.1 million.
- ARK 21Shares Bitcoin ETF (ARKB) reported net inflows of $20.3 million.
- Meanwhile, Bitwise Bitcoin ETF (BITB) had net outflows of $0.6 million.
Excluding pending flow data for BlackRock’s (BLK) iShares Bitcoin Trust (IBIT), the US BTC-spot ETF market saw total inflows of $94.5 million after inflows of $386.2 million on June 9.
BTC Price Outlook: Trade Developments, US Data, and ETF Flows
BTC closed flat at $110,254 on June 10, following a 0.20% gain on Sunday. Short-term price action hinges on legislative developments, incoming US inflation data, US-China trade talks, and ETF flows.
Potential scenarios:
- Bearish Scenario: Failed US-China trade deal, legislation setbacks, rising US inflation, and ETF outflows could send BTC toward the 50-day Exponential Moving Average (EMA) and $100,000.
- Bullish Scenario: A meaningful US-China trade deal, bipartisan support for crypto bills, softer US inflation, and ETF inflows could send BTC above the all-time high of $111,917.
