In June 2024, Bitcoin (BTC) experienced a notable decline, closing the month at $62,678.29, which marked a 7.1% decrease from its opening price. This downturn was influenced by several factors, including selling pressure from various sources and concerns over the distribution of Bitcoin from the defunct Mt. Gox exchange.

In contrast, June 2023 saw a positive performance for Bitcoin. The average closing price for the month was $27,763.20, reflecting a 12% increase. This uptick was attributed to renewed investor interest and the entry of major financial entities into the crypto space.

As of May 21, 2025, Bitcoin is trading at approximately $106,711, showing significant growth compared to its prices in June 2023 and June 2024. This upward trend indicates a strong recovery and growing investor confidence in the cryptocurrency market.

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