06/15 update below. This post was originally published on June 13

Bitcoin has struggled in recent weeks as the initial public offering (IPO) of Elon Musk’s SpaceX sparks extreme market volatility.

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The bitcoin price has dropped to 2026 lows of just under $60,000 per bitcoin, plunging by half from its October peak of $126,000 amid a BlackRock “bloodbath” warning.

Now, as traders bet only one scenario can save bitcoin, crypto traders are hoping a rebound in BlackRock’s exchange-traded fund (ETF) inflows will mean bitcoin’s price winter is over.

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