Bitcoin Defies Trade War Jitters, Enters June with Bullish Setup

Bitcoin is entering June with renewed strength as institutional appetite and fresh capital flows continue to shape its trajectory.

Despite global tensions and political noise, the cryptocurrency has managed to build upward momentum, closing May with a nearly 10% gain and signaling bullish potential for the weeks ahead.

The boost came largely from continued inflows into U.S.-listed Bitcoin ETFs, which pulled in $5.6 billion during the month. Simultaneously, public companies increased their holdings, pushing the total value of corporate-owned Bitcoin to $85.6 billion—a 4% jump from April. This growth underlines how digital assets are gaining traction as long-term balance sheet strategies.

However, uncertainty looms on the geopolitical front. U.S. trade rhetoric, especially renewed tariffs floated by Donald Trump, has started to rattle investors. While these shifts may create short-term price noise, analysts believe the underlying effect could benefit Bitcoin by strengthening the case for decentralized, cross-border assets.

Chris Rhine from Galaxy Digital suggests that unpredictable policy moves could slow traditional markets and possibly prompt central banks to lean toward monetary easing, creating a more favorable climate for crypto.

Interestingly, Bitcoin’s price behavior in May seemed decoupled from legacy markets. It gained value during both periods of optimism and uncertainty—a sign, some say, of its evolving market identity. Yet, 21Shares USA President Federico Brokate notes that it’s still unclear whether this detachment from equities is temporary or part of a new norm.

Bitcoin peaked at $111,999 on May 22 before retreating after U.S.–China tensions flared up again. President Trump accused China of trade violations, stirring fears of a new conflict just as Treasury officials admitted talks were stalled.

Meanwhile, regulatory developments are in focus. A new stablecoin bill, the GENIUS Act, has advanced in the Senate and could go to vote in early June. The outcome may impact crypto sentiment broadly, while a competing bill in the House faces headwinds, according to Wells Fargo.

On the technical side, MEXC’s Tracy Jin sees Bitcoin’s next test at $109,000. If bulls push past that level, the $113,000–$115,000 range comes into view, with a potential breakout path toward $130,000.

In short, institutional interest remains strong, technicals lean bullish, and regulatory developments could shift market sentiment sharply in the coming weeks.

Deyan Angelov

Active crypto trader who also follows news related to stocks, the S&P 500, and gold. Deyan enjoys staying physically active, trains regularly, and practices calisthenics. He also likes reading sci-fi books when he has the time.