Bitcoin price this month will be able to set new record — Bitget Research’s Ryan Lee

According to Ryan Lee, an analyst at Bitget Research, the bitcoin price may surpass May's figures. He explains his position by pointing to increased market participants' interest in risky assets and the rapidly growing institutional demand for cryptocurrency.

Commenting on bitcoin's rise above the $109,000 mark, the expert notes the influence of US macroeconomic factors. In his opinion, the positive trend in the country's stock market combined with expansionary fiscal policy are the main drivers of current changes in the token's pricing.

Moreover, as a result of these processes, the world's leading cryptocurrency could renew its all-time high by late July and exceed the $120,000 level, the analyst adds.

The Ethereum (ETH) price is also showing positive momentum. Lee believes the Trump administration's crypto-friendly policies are additionally boosting demand for ETH tokens among major investors. The analyst forecasts that by late July, the price could break through the $3,000 mark.