The post Best Crypto to Buy Now? Bitcoin Just Cleared $109K Resistance appeared on BitcoinEthereumNews.com.

After a whole week of hanging around the $107K level, the Bitcoin price has finally crossed its previous resistance and moved above the $109K mark. This surge comes as positive news of the BlackRock ETF, improving geopolitical conditions, and a weakening dollar floods in. But does that make Bitcoin the best crypto to buy now? Bitcoin Finally Above $109K – What’s Next? Bitcoin’s major pump of over 2% in the last 24 hours happened only recently, which has pushed it on the path of reaching its ATH levels again. While the price analysis shows that it is still pretty much within the “macro consolidation zone” between $100K and $112K, hope remains that the apex crypto could climb higher and potentially reach even new highs. Helping BTC reach unprecedented heights is the heightened institutional interest, as well as improving geopolitical conditions. In the case of an ETF, for instance, BlackRock’s iShares Bitcoin Trust ETF (IBIT) has recently acquired upwards of $3.85 billion worth of Bitcoin in June, which happened shortly before it set a record by marking a 15-day inflow in all of its trading sessions. Sosovalue shows IBIT’s cumulative net inflow as of July 2 is $52.42 billion, followed by FBTC’s $11 billion, ARKB’s $2.59 billion, and BITB’s $2.20 billion. The only outflow was noted by Grayscale’s GBTC, which is $23.33 billion. The last recorded daily net inflow was about $407 million. Source: SoSoValue Geoffrey Kendrick, global head of crypto research at Standard Chartered, says that as treasuries buy more BTC, a positive driver for Bitcoin could be created, leading it to reach new highs. He estimates that by the second quarter of this year, over 245,000 BTC will be absorbed by spot ETFs and institutional buyers. In terms of macroeconomic factors impacting the BTC price, Kendrick says investors should…

---

Filed under: News - @ July 3, 2025 9:24 am