As of Sunday, June 1, 2025, Bitcoin (BTC) is trading around $105,800, having recently peaked near $112,000. This marks a significant recovery from its earlier dip below $100,000 following market volatility triggered by geopolitical tensions, including former President Trump's announcement of a 50% tariff on EU imports.
📈 Market Overview
Current Price: Approximately $105,800
Recent High: $111,814 on May 22
24-Hour Change: Down ~2%
Weekly Performance: Up nearly 3%
Despite the recent correction, Bitcoin maintains a strong long-term bullish trend. Analysts note that the price is encountering resistance around the $112,000 level, suggesting a potential for consolidation before the next significant move.
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