{"id":18442,"date":"2025-06-09T17:54:42","date_gmt":"2025-06-09T17:54:42","guid":{"rendered":"https:\/\/businesstriumphs.com\/index.php\/2025\/06\/09\/crypto-market-recap-bitcoin-funds-hit-us7-billion-saylor-shrugs-off-quantum-risk\/"},"modified":"2025-06-09T17:54:42","modified_gmt":"2025-06-09T17:54:42","slug":"crypto-market-recap-bitcoin-funds-hit-us7-billion-saylor-shrugs-off-quantum-risk","status":"publish","type":"post","link":"https:\/\/businesstriumphs.com\/index.php\/2025\/06\/09\/crypto-market-recap-bitcoin-funds-hit-us7-billion-saylor-shrugs-off-quantum-risk\/","title":{"rendered":"Crypto Market Recap: Bitcoin Funds Hit US$7 Billion, Saylor Shrugs Off Quantum Risk"},"content":{"rendered":"<\/p>\n

Here\u2019s a quick recap of the crypto landscape for Monday (June 9) as of 9:00 a.m. UTC.<\/strong><\/p>\n

Get the latest insights on Bitcoin, Ethereum and altcoins, along with a round-up of key cryptocurrency market news.<\/p>\n

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Bitcoin and Ethereum price update <\/h3>\n

Bitcoin (BTC) <\/strong>was priced at US$105,464 as markets opened for the week, up 1.9 percent in 24 hours. The day\u2019s range for the cryptocurrency brought a low of US$105,426 and a high of US$107,826. <\/p>\n<\/div>\n

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Bitcoin price performance, June 9, 2025.<\/em><\/p>\n

<\/small><\/p>\n

Chart via TradingView<\/p>\n

Rising institutional enthusiasm countered cautious macro sentiment over the weekend propping up Bitcoin\u2019s value. A standout factor was Circle\u2019s (NYSE:CRCL) June 5 IPO, shares surged 70 percent (US$117.53) following its debut debut and reinforced growing investor confidence in digital-assets infrastructure. <\/p>\n

Meanwhile, markets have remained wary ahead of US\u2013China trade talks in London.<\/p>\n

<\/span>Ethereum (ETH)<\/strong> began the day at US$2,518.20, a .13 percent increase over the past 24 hours. The cryptocurrency reached an intraday low of US$2,482.70 and saw a daily high of US$2,544.95.<\/p>\n<\/div>\n

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Altcoin price update <\/h3>\n

Solana (SOL)<\/strong> opened at US$152.10, up 3.9 percent over 24 hours. SOL experienced a low of US$149.53 and reached a high of US$156.16 on Monday. <\/p>\n

XRP<\/strong> is trading at US$2.21, trading flat over the past 24 hours. The cryptocurrency reached a daily low of US$2.23 and a high of US$2.29. <\/p>\n

<\/span>Sui (SUI)<\/strong> peaked at US$3.22, showing an increase<\/em>of 3.9 percent over the past 24 hours. Its lowest valuation on Monday was US$3.19, and its highest was US$3.34. <\/p>\n

<\/span>Cardano (ADA)<\/strong> is trading at US$0.6651, up 0.9 percent over the past 24 hours. Its lowest price of the day was US$0.6586, and it reached a high of US$0.6777. <\/p>\n<\/div>\n

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Today\u2019s crypto news to know <\/h3>\n

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Crypto funds hit record high in May<\/h4>\n

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Crypto investment funds saw their assets surge to a record US$167 billion in May, driven by a growing appetite for risk and shifting investor strategies amid global market uncertainty. <\/p>\n

According to data from Morningstar, nearly US$7.1 billion flowed into 294 tracked crypto funds last month\u2014the largest inflow since December.<\/p>\n

Analysts say the trend reflects a dual motivation: investors hedging against potential US market downturns and diversifying their portfolios beyond equities and gold. <\/p>\n

Bitcoin, which rose over 15 percent since the start of the year (US$94,393 \u2013 US$107,761), has outpaced both the MSCI World Index and gold, reinforcing its appeal as a \u201cnew age\u201d store of value. <\/p>\n

Bitcoin and ether ETFs in the US are also driving institutional inflows, while gold and equity funds saw significant outflows last month.<\/p>\n

Michael Saylor dismisses quantum threat to Bitcoin<\/h4>\n

Despite warnings from researchers and even BlackRock that quantum computing could break crypto\u2019s encryption, Strategy (NASDAQ:MSTR) chairman Michael Saylor isn\u2019t sweating it. <\/p>\n

Speaking on CNBC, Saylor waved off the existential threat narrative, comparing it to marketing hype from those pushing \u201cquantum tokens.\u201d <\/p>\n

He argued that any true quantum threat would be neutralized through a software upgrade to the Bitcoin protocol as major companies continue to patch security holes. <\/p>\n

Behind the scenes, crypto developers are already drafting proposals to transition Bitcoin to quantum-resistant systems, including potential hard forks. <\/p>\n

For now, the market remains unfazed\u2014Bitcoin continues to trade above US$100K, with no sign of quantum fear priced in.<\/p>\n

Bitcoin enters Kibera, Africa\u2019s largest slum<\/h4>\n

Through a nonprofit initiative by fintech firm AfriBit Africa, roughly 200 residents in Soweto West now use Bitcoin to pay for goods and services, including vegetables and motorcycle rides. <\/p>\n

Most of the crypto circulation stems from a local garbage collection program, where youth are paid in small Bitcoin grants after weekend cleanups. <\/p>\n

Advocates say the effort provides financial access to the undocumented and unbanked, bypassing high fees from Kenya\u2019s dominant M-PESA mobile system. <\/p>\n<\/div>\n

Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.<\/strong><\/strong><\/p>\n

Securities Disclosure: I, Meagen Seatter, hold no direct investment interest in any company mentioned in this article.<\/strong><\/strong><\/strong><\/p>\n<\/p>\n

This post appeared first on investingnews.com<\/div>\n","protected":false},"excerpt":{"rendered":"

Here\u2019s a quick recap of the crypto landscape for Monday (June 9) as of 9:00 a.m. UTC. Get the latest insights on Bitcoin, Ethereum and altcoins, along with a round-up of key cryptocurrency market news. Bitcoin and Ethereum price update Bitcoin (BTC) was priced at US$105,464 as markets opened for the week, up 1.9 percent […]<\/p>\n","protected":false},"author":0,"featured_media":18443,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-18442","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investing"],"_links":{"self":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/posts\/18442","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/comments?post=18442"}],"version-history":[{"count":0,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/posts\/18442\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/media\/18443"}],"wp:attachment":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/media?parent=18442"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/categories?post=18442"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/tags?post=18442"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}