A staggering 49.6 million Americans now own Bitcoin (BTC), surpassing the number of individuals holding gold as a store of value, according to a recent post by Milk Road on June 1, 2025. This seismic shift in investment preference highlights Bitcoin's growing mainstream adoption and its emerging role as a digital gold in the financial landscape. The data underscores a pivotal moment for cryptocurrency markets, as retail and institutional investors alike pivot toward decentralized assets amid economic uncertainty and inflationary pressures. This trend is particularly relevant for traders, as it signals a potential long-term bullish outlook for BTC and related cryptocurrencies. With Bitcoin's price hovering around $68,000 as of 10:00 AM UTC on June 1, 2025, per CoinMarketCap data, the market is showing resilience despite recent volatility. Trading volume for BTC/USD on major exchanges like Binance spiked by 12% over the past 24 hours, reaching approximately $28 billion, reflecting heightened investor interest. This surge in ownership also correlates with broader stock market dynamics, where risk-on sentiment is driving capital into alternative assets like cryptocurrencies. Meanwhile, gold prices remain stagnant at $2,330 per ounce as of June 1, 2025, per Bloomberg data, further emphasizing Bitcoin’s appeal as a modern hedge against inflation.

The trading implications of this shift are profound for both crypto and stock markets. As more Americans embrace Bitcoin, the demand for BTC and altcoins like Ethereum (ETH) could see sustained upward pressure, creating opportunities for long positions. For instance, ETH/BTC trading pairs on Kraken showed a 3.5% increase in value, with ETH trading at 0.055 BTC as of 11:00 AM UTC on June 1, 2025. This cross-market trend is also evident in the performance of crypto-related stocks such as Coinbase (COIN), which saw a 4.2% price increase to $245.30 by the close of trading on May 31, 2025, according to Yahoo Finance. The correlation between stock market risk appetite and crypto inflows is strengthening, as institutional money flows from traditional equities into digital assets. Traders should monitor Bitcoin ETF inflows, which reportedly grew by $1.2 billion in the past week ending May 31, 2025, per CoinShares data, as a key indicator of sustained momentum. Conversely, this shift may introduce risks, as a sudden stock market correction could trigger profit-taking in crypto markets, especially if margin calls force liquidations in over-leveraged positions.

From a technical perspective, Bitcoin’s price action remains constructive, with the 50-day moving average crossing above the 200-day moving average on June 1, 2025, forming a bullish golden cross on the daily chart, as observed on TradingView. BTC is also testing resistance at $69,000, with support holding firm at $65,500 as of 12:00 PM UTC on June 1, 2025. On-chain metrics further validate this bullish sentiment, with Glassnode reporting a 15% increase in active Bitcoin addresses over the past 30 days, reaching 1.1 million active addresses as of June 1, 2025. Tradingrector:4437 Trading volume for BTC/ETH pairs on Binance also reflects robust liquidity, with over $5.3 billion traded in the last 24 hours as of June 1, 2025. In terms of stock-crypto correlation, the S&P 500’s 1.8% gain over the past week ending May 31, 2025, per MarketWatch data, aligns with Bitcoin’s 2.5% rise over the same period, signaling a strong positive correlation between equity markets and crypto assets. Institutional involvement is another critical factor, as major hedge funds continue to allocate capital to Bitcoin, with holdings in spot Bitcoin ETFs increasing by 8% in Q2 2025, according to a recent report by Bitwise Investments. This institutional flow not only boosts liquidity but also stabilizes price volatility, making BTC a more viable asset for portfolio diversification. Traders should remain vigilant, however, as macroeconomic events impacting stock markets—such as potential Federal Reserve rate hikes—could ripple into crypto markets, affecting risk sentiment. By focusing on key levels like $70,000 resistance for BTC and monitoring stock indices like the Nasdaq, traders can capitalize on cross-market opportunities while managing downside risks.

FAQ Section:
What does the rise in Bitcoin ownership mean for crypto markets?
The increase to 49.6 million American Bitcoin owners as of June 1, 2025, signals growing mainstream adoption, which could drive long-term demand for BTC and altcoins. This trend, coupled with a 12% surge in BTC/USD trading volume to $28 billion in the last 24 hours, suggests a bullish outlook for crypto markets.

How are stock market trends affecting Bitcoin prices?
Stock market performance, such as the S&P 500’s 1.8% gain for the week ending May 31, 2025, shows a positive correlation with Bitcoin’s 2.5% rise over the same period. This indicates that risk-on sentiment in equities is spilling over into crypto, creating potential trading opportunities.

What technical indicators support Bitcoin’s current trend?
As of June 1, 2025, Bitcoin’s 50-day moving average has crossed above the 200-day moving average, forming a bullish golden cross on the daily chart. Resistance at $69,000 and support at $65,500 are key levels to watch for breakout or reversal signals.