Bitcoin Hits $111,000; JPMorgan Accepts Bitcoin ETFs as Collateral
Key Takeaways
- Bitcoin hits record above $111,000 amid bullish golden cross confirmation.
- JPMorgan will accept Bitcoin ETFs as loan collateral for clients.
- Tether & Bitfinex transfer $3.9B BTC to Twenty One Capital.
- Moscow Exchange launches Bitcoin-linked futures contracts settled in Russian rubles.
- Semler Scientific increases Bitcoin holdings to 4,449 BTC, valued at $467M.
Top Stories
Bitcoin's golden cross confirmed; price hits record $111,000.
On June 4, 2025, reports indicated that Bitcoin's 50-day simple moving average surpassed its 200-day average on May 22, 2025, confirming a bullish golden cross. Coinciding with this, Bitcoin's price reached a record high above $111,000, according to CoinDesk data.
JPMorgan to accept Bitcoin ETFs as loan collateral.
On June 4, 2025, it was reported that JPMorgan will accept Bitcoin ETFs, including BlackRock’s iShares Bitcoin Trust (IBIT), as loan collateral, expanding crypto access for trading and wealth-management clients. JPMorgan will also factor crypto holdings into assessments of net worth and liquidity for some clients.
Tether & Bitfinex transfer $3.9B BTC to Twenty One Capital.
On June 4, 2025, Tether and Bitfinex transferred over 37,000 BTC, valued at $3.9 billion, to Twenty One Capital, a new bitcoin treasury firm, as part of a pre-funding round. Jack Mallers leads Twenty One Capital, which aims to accumulate bitcoin and ensure full transparency through public wallet disclosures, following a model similar to Strategy but with more transparency.
Moscow Exchange launches Bitcoin-linked futures contracts.
On June 4, 2025, the Moscow Exchange launched Bitcoin-linked futures contracts exclusively for qualified investors. These futures are tied to the value of the U.S.-listed iShares Bitcoin Trust ETF (IBIT), quoted in U.S. dollars, but settled in Russian rubles, with the first expiration set for September 2025.
Semler Scientific increases Bitcoin holdings to 4,449 BTC.
On June 4, 2025, it was reported that Semler Scientific acquired 185 Bitcoin for $20 million between May 23 and June 3, 2025, increasing its total holdings to 4,449 BTC. As of June 3, 2025, the company’s bitcoin investments have delivered a 26.7% year-to-date BTC yield, with total holdings valued at approximately $467 million based on bitcoin's price above $105,000.
Adoption News
States and countries consider Bitcoin reserves.
On June 4, 2025, it was mentioned that three U.S. states have now passed Bitcoin reserve bills, with New Hampshire already signing one into law, and Texas appearing next in line. Pakistan and even a U.K. party front-runner are weighing official BTC reserve allocations.
Sberbank launches Bitcoin futures and structured bonds.
On June 4, 2025, Sberbank, Russia’s largest bank, launched bitcoin futures and structured bonds tied to BTC, available to qualified investors.
NYSE Arca files for Trump's Truth Social Bitcoin ETF.
On June 3, 2025, NYSE Arca filed with the SEC to launch a spot Bitcoin ETF named Truth Social Bitcoin ETF, issued by Trump Media & Technology Group. The fund would track Bitcoin's price, currently at BTC$104,748.96.
Treasure Global to invest up to $100M in crypto.
On June 4, 2025, Treasure Global (TGL) announced its plan to invest up to $100 million in cryptocurrencies, including bitcoin, ether, and stablecoins.
K Wave Media plans $500M stock sale for Bitcoin purchases.
On June 4, 2025, K Wave Media Inc. (KWM), a Korean media alliance listed on Nasdaq, announced plans to raise up to $500 million in stock sales to fund bitcoin purchases, aiming to become the "Metaplanet of Korea."
Price Watch
Bitcoin rises 2% above $105K on MicroStrategy news.
On June 4, 2025, Bitcoin rose 2% above $105K, supported by MicroStrategy's $84 billion Bitcoin acquisition plan.
Bitcoin dips 3.1% to $105,700; ETF outflows reported.
On June 4, 2025, BTC ended the previous week around $105,700, a 3.1% decrease from the prior week's close near $109,050, amid $150 million in net outflows from BTC spot ETFs. Bitcoin’s short-term key level is at $105,000.
Bitcoin price muted at $105k amid trade uncertainty.
On June 4, 2025, Bitcoin price was reported to be muted at $105k amid trade uncertainty, with the price at $104,807.91, down 0.60%.
Regulation Front
U.S. House holds hearings on Digital Asset Clarity Act.
On June 4, 2025, the U.S. House of Representatives held two hearings to discuss the Digital Asset Market Clarity Act.
Market Pulse
Bitcoin profit-taking surges, coins capture 16% average profit.
On June 4, 2025, Glassnode reported a surge in entity-adjusted realized profit, exceeding $500M/hour three times in the last 24 hours, signaling intense profit-taking. The recent all-time high breakout has resulted in an average coin capturing a +16% profit.
Soft U.S. economic data boosts odds of Fed rate cut.
On June 4, 2025, soft U.S. economic reports increased the odds of a Federal Reserve rate cut, influencing Bitcoin's market sentiment.
Bitcoin supply shrinks, demand rises amid economic uncertainty.
On June 4, 2025, Sygnum Bank reported that Bitcoin's circulating supply has decreased by an estimated 30% over the past 18 months, potentially leading to increased price volatility. Rising ETF inflows and government interest in Bitcoin reserves are contributing to a potential demand shock, with over a million BTC withdrawn from exchanges since late 2023. Falling U.S. Treasury prices and ballooning federal debt are also pushing investors back toward gold and bitcoin.
Bitcoin Strength Wows Traders After Market Tumble.
On June 3, 2025, reports highlighted Bitcoin's strength after a market tumble, noting that ETH and DOGE led major gains.
Exchange stablecoin reserves hit years' high, signaling potential investment.
On June 4, 2025, reports indicated that stablecoin reserves on exchanges have reached their highest levels in years, suggesting that investors may be preparing to deploy fresh capital.
Trader bets on BlackRock ETF surge with $39,000 call options.
On June 4, 2025, a trader made a bullish bet on BlackRock's spot bitcoin ETF by purchasing 3,000 call options with a $77 strike price, anticipating a potential price surge by June 27. The trader paid a total premium of $39,000, expecting the ETF to rally by over 28%.
Bitcoin Volatility Index (DVOL) near two-year low.
On June 4, 2025, it was reported that the Bitcoin Volatility Index (DVOL) is hovering just above 40, one of the lowest readings in over two years.
Analyst's Take
Trader predicts Bitcoin to reach $115,000 by week's end.
Max Keiser targets $2.2M Bitcoin price after Musk tweet.
On June 4, 2025, Max Keiser reacted to Elon Musk’s tweet regarding Bitcoin, with a price target of $2,200,000. This marked Elon Musk's first mention of Bitcoin in 3 years.
Bitcoin Events
Bitcoin Week to kick off November 12, 2025.
Bitcoin Week will commence on November 12, 2025, with the Bitcoin Education Celebration Gala. The week includes events such as the Bitcoin Educators Unconference, Adopting Bitcoin, a visit to Bitcoin Beach, and Economía Bitcoin.