Bitcoin price today: dips after record high above $125k; ETF inflows drive gains

Published 06/10/2025, 07:08
Updated 06/10/2025, 07:10
© Reuters

Investing.com-- Bitcoin fell slightly on Monday after hitting a record high above $125,000 over the weekend, as strong inflows into U.S. spot exchange-traded funds (ETFs) and mounting concerns over the prolonged U.S. government shutdown continued to underpin sentiment.

The world’s largest cryptocurrency last traded 1.6% lower $123,716.7 by 01:50 ET (05:50 GMT), after hitting an all-time high of $125,617.4 on Sunday. 

Bitcoin surged more than 11% last week, and at current levels, the token has gained more than 30% since the start of 2025.

Bitcoin surges on ETF inflows; ’debasement trade’ 

Data from digital asset researcher SoSoValue showed net inflows of $3.24 billion into U.S. spot Bitcoin ETFs last week, marking the largest weekly increase of 2025. 

The rise reflected renewed institutional interest as investors sought exposure through regulated investment vehicles rather than direct token purchases.

The surge in inflows also coincides with growing concerns over Washington’s government shutdown, now entering its second week. 

The standoff has delayed several key data releases and heightened uncertainty over fiscal policy, prompting traders to bet the Federal Reserve could lean toward a more cautious stance on interest rates once operations resume.

Reports describe the move as a “debasement trade,” where investors rotate capital into assets like Bitcoin and gold in anticipation of weakening confidence in fiat and fiscal stress.

Walmart-backed OnePay plans to add crypto trading - CNBC

Walmart (NYSE:WMT)-backed fintech firm OnePay plans to add cryptocurrency trading and custody features to its banking app later this year, CNBC reported on Friday, citing people familiar with the matter.

The company, majority-owned by Walmart and venture firm Ribbit Capital, will offer customers access to bitcoin and ether through a partnership with crypto infrastructure provider Zerohash, the report said.

The move marks OnePay’s latest step toward building an “everything app” for digital finance, as it expands beyond savings accounts, cards and buy-now-pay-later loans.

Crypto price today: altcoins subdued after sharp gains

Most altcoins also remained rangebound on Monday after sharp weekly gains sparked by the risk rally.

World no.2 crypto Ethereum traded 1% lower at $4,528.65 after jumping more than 10% in the previous week.

World no. 3 crypto XRP fell 2% to $2.97 after gaining nearly 5% last week.

Solana lost 1%, while Cardano dropped 3.5% and Polygon slipped 1.3%.

Among meme tokens, Dogecoin declined 2.5%, while $TRUMP fell 1.2%.

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