Crypto Market Recap: Bitcoin Funds Surge to $7 Billion as Saylor Addresses Quantum Threat

June 9, 2025 – By Giann Liguid and Meagen Seatter

In a dynamic day for the crypto market, Bitcoin saw considerable upward momentum, leading to a new high for crypto investment funds, which collectively amassed nearly $167 billion in assets last month. Meanwhile, prominent figures like Michael Saylor are addressing concerns over emerging technologies that could potentially impact the cryptocurrency landscape.

Bitcoin and Ethereum Price Trends

As of the market close on June 9, Bitcoin (BTC) was priced at $108,516.21, reflecting a 2.1% increase within the day. The cryptocurrency saw fluctuations between $107,115 and $108,677 throughout the trading session. Analysts noted that increased interest from institutional investors has been a significant factor bolstering Bitcoin’s ascent, although some caution against possible short-term corrections influenced by geopolitical and macroeconomic pressures.

Similarly, Ethereum (ETH) closed at $2,581.50, marking a 1.9% rise. Its intraday performance saw a low of $2,520.27 and a high of $2,586.

Altcoin Overview

Solana (SOL) made gains, closing at $155.68, a 0.8% increase with a daily range of $153.54 to $156.64. XRP was valued at $2.29, up 0.3% within 24 hours, ranging from $2.25 to $2.31 during trading. Sui (SUI) experienced a notable surge, rising 3.3% to $3.38, while Cardano (ADA) traded at $0.6818, up 1.2%.

A Record Month for Crypto Funds

In an encouraging sign for the crypto sector, investment funds focused on cryptocurrencies experienced record growth in May, seeing inflows of approximately $7.1 billion. This surge in assets, the highest since December, demonstrates a marked interest from investors searching for diversification amid global economic uncertainty. Analysts attribute this trend to a desire to hedge against potential market downturns, with Bitcoin’s performance outpacing traditional assets like equities and gold.

The popularity of exchange-traded funds (ETFs) for Bitcoin and Ethereum in the U.S. has further contributed to this institutional interest, leading to significant outflows from traditional equity and gold funds.

Saylor Dismisses Quantum Computing Risks

Amid ongoing discussions about the potential risks posed by quantum computing to cryptocurrencies, Michael Saylor, Chair of MicroStrategy, expressed confidence that such threats can be mitigated without panic. Speaking on CNBC, Saylor compared the alarm over quantum risks to marketing strategies promoting “quantum tokens.” He reassured investors by stating that if a credible quantum threat emerged, the Bitcoin protocol could adapt through a software upgrade, with developers actively working towards quantum-resilient solutions.

Tether and New Developments in Bitcoin Mining

In a bid to attract new miners, Tether has announced that it will open source its Bitcoin-mining software, Bitcoin Mining OS (MOS). CEO Paolo Ardoino emphasized the initiative’s aim to level the playing field by reducing reliance on third-party software. This move is expected to enhance mining efficiency and security and is projected to rollout in Q4 2025. ## Strategic Partnerships and Investments

The Blockchain Group, a French crypto company, has revealed its plans to raise €300 million (approximately $358 million) to fund Bitcoin purchases through a partnership with TOBAM. This initiative is structured as an at-the-market offering, allowing shares to be sold directly in line with trading prices and market conditions.

Additionally, Netcapital, a fintech firm, confirmed the acquisition of Mixie, a crypto-native protocol aimed at bridging traditional and decentralized finance. This acquisition is anticipated to enhance Zelgor’s portfolio as it expands into Web3 gaming and interactive entertainment.

Bitcoin in Kibera

In a further testament to the growing significance of cryptocurrency worldwide, a nonprofit initiative by AfriBit Africa has enabled residents of Kibera, Africa’s largest slum, to use Bitcoin for everyday transactions. This project has empowered around 200 residents, allowing them to utilize small Bitcoin grants obtained from a local garbage collection initiative.

Conclusion

As the crypto market continues to evolve, significant developments and partnerships fuel growing optimism. Investors are advised to stay informed as they navigate the intricacies of this rapidly changing landscape.

For ongoing updates and insights into the crypto market, follow @INN_Technology on social media.

Disclosure: Authors Giann Liguid and Meagen Seatter hold no direct investment interest in any of the companies mentioned in this article.

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