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U.S. stocks rebounded across the board, Bitcoin ETF buying pressure continues, IBIT has purchased over 3% BTC.
Supported by the rebound in U.S. consumer confidence, accelerated trade negotiations, and the surge in the global bond market, U.S. stocks rose across the board. Bitcoin continues to hover in the range of 108K~110K. According to data from SoSoValue, U.S. Bitcoin ETFs have seen net inflows for 8 consecutive days, with BlackRock's IBIT net assets reaching 71.4 billion USD, accounting for 3.32% of the total market capitalization of Bitcoin.
Japan may adjust its debt plan, with both Japanese and US government bond yields declining.
Japanese authorities earlier stated that they are considering adjusting their debt plan after a sell-off caused the country's long-term borrowing costs to rise to their highest levels in decades. Concerns over the government's ability to cover the massive budget deficit have recently pressured bonds in developed markets, leading to a decline in U.S. long-term bond yields to levels not seen since 2007. Following news that Japan may adjust its debt sales, Japanese long-term bond yields fell first, significantly impacting U.S. 30-year Treasury yields, which experienced the largest single-day decline since the end of March.
(From supporting the market to letting go: Will the largest bondholder, the Bank of Japan, reducing its holdings make Japan the next Greece?)
Tariff negotiations have made progress, and American consumer confidence has rebounded significantly.
U.S. President Trump stated that the EU's acceleration of trade negotiations encouraged him. A few days ago, he mentioned that if the EU could not reach an agreement with the U.S., the EU would face a 50% tariff. After a call with EU Commission President Ursula von der Leyen (, Trump extended the deadline for these tariffs to take effect until July 9.
U.S. consumer confidence rebounded sharply from nearly five-year lows in May as the tariff truce led to an improved outlook for the economy and labor market. Forecasters said the tariffs could take months to have an impact on the economy, and so far consumers haven't been affected much as retailers bear most of the rising costs.
Bitcoin is hovering around 108K~110K, IBIT has purchased over 3% Bitcoin.
Bitcoin continues to hover in the 108K~110K range, according to SoSoValue, the US Bitcoin ETF has shown a net inflow for 8 consecutive days, BlackRock's IBIT net worth has reached $71.4 billion, accounting for 3.32% of the total market capitalization of Bitcoin.
This article discusses the comprehensive rebound of US stocks, with continuous buying of Bitcoin ETFs, and IBIT has purchased over 3% BTC, first appearing in Chain News ABMedia.