Bitcoin Tops $107,700 on ETF Inflows While Bitcoin Cash Rallies 4.4% Toward $525

Bitcoin (BTC) climbed above $107,700, up 1.4% in 24 hours, on renewed bullish sentiment fueled by the US Federal Housing Finance Agency’s rule allowing crypto as mortgage collateral, strong institutional demand and 11 straight days of spot BTC ETF inflows. Daily BTC trading volume rose 9% to over $50 billion. Technicals show rising open interest, positive funding rates and a golden crossover, with support at the 50-day MA of $105,570 and the 200-day MA at $96,004. Meanwhile, Bitcoin Cash (BCH) jumped 4.38% to $500.36 as daily volume surged 22% to $635.7 million. On–chain data records increased active addresses since June 19 despite a dip in transactions on June 21, indicating accumulation. BCH has broken above its ascending channel and trades above its 20-day SMA at $453, with resistance at $525 and support at $478. Traders should watch these levels as ETF flows, regulatory clarity and on–chain activity drive near-term crypto market optimism.
Bullish
Both Bitcoin and Bitcoin Cash are experiencing strong technical breakouts driven by institutional inflows and positive on-chain metrics. BTC’s ETF momentum and regulatory clarity support sustained upside with key moving-average supports intact, while BCH’s volume-backed channel breakout and accumulation signals point to further gains toward resistance levels. In the short term, traders can leverage these catalysts for long positions; over the longer term, continued ETF adoption and institutional interest may underpin broader market bullishness.