Binance Executive Explains Bitcoin’s Rise Amidst Adversity

The price of the leading cryptocurrency continues to rise despite outflows from spot ETFs and social unrest in the United States. Kirill Khomyakov, head of regional markets for Binance in the CIS, Central and Eastern Europe, and Africa, commented on the situation for ForkLog.

Macroeconomics

The expert attributed the growth primarily to shifts in the macroeconomic landscape. The easing of tensions in US-China trade relations and an 8.3% decline in the dollar index since the beginning of the year have driven investors to seek alternative assets, one of which is Bitcoin.

Despite local outflows from Bitcoin funds, the total net inflow into these instruments since their launch in the US has reached $43.4 billion. The specialist views this as an indication of sustained interest in the asset from major players.

Regulation

The development of regulation is a crucial factor supporting the market. According to the Binance representative, the GENIUS Act in the US establishes clear rules for stablecoins and bolsters investor confidence in the industry’s future.

In the short term, Bitcoin’s price will be influenced by the release of US inflation data (CPI). Khomyakov noted that high figures could increase pressure on risk assets. Conversely, low inflation could create conditions for cryptocurrency growth due to potential easing by the Federal Reserve.

Forecast

The long-term prospects for the market remain positive, the expert emphasized. This is evidenced by growing institutional interest: assets under management by cryptocurrency funds have reached $169 billion, and companies are increasingly including Bitcoin in their reserves.

The foundation for long-term growth is formed by a clear regulatory framework and the development of infrastructure—Web3, DeFi, and new ETFs. According to Khomyakov, it is at the intersection of these trends and macroeconomic factors that the convergence of traditional finance and the digital economy occurs.

Impact of the Bank of Japan

The decision by the Bank of Japan at its meeting on June 16-17 could act as a catalyst for growth for Bitcoin and other risk assets, stated BitMEX co-founder Arthur Hayes.

I don’t think ordinary Japanese plebes would agree. If the BOJ delays QT, and restarts selected QE at its June meeting risk assets are going to fly.

LFG $BTC pic.twitter.com/ET08M6tWeS

— Arthur Hayes (@CryptoHayes) June 10, 2025

In his view, the market anticipates a rally if the regulator abandons plans for QT and returns to asset purchases—quantitative easing (QE).

QE is a policy where the central bank buys bonds, thereby “injecting” money into the economy. This lowers interest rates and stimulates spending.

On June 9, the price of Bitcoin surpassed $107,000. Experts surveyed by ForkLog explained that in the coming weeks, news background, institutional interest, and macroeconomic events will influence the quotes.