As of June 2, 2025, Bitcoin (BTC) $BTC is experiencing notable market activity on Binance. Here's a comprehensive update:
Current Price: $103,979 USD #Usd
24-Hour Change: -0.00147%
Intraday High: $105,808 USD #Usd
Intraday Low: $103,979 USD #Usd
📈 Market Overview
Bitcoin $BTC has been trading between $103,752 and $105,936 over the past 24 hours, with a slight upward movement of 0.62% as of 09:30 AM (UTC) today. Despite this, the market is showing signs of potential volatility, with traders closely watching for a possible retest of the $100,000 $BTC support level.
📰 Recent Developments
Regulatory Shift: The U.S. Securities and Exchange Commission (SEC) has dismissed its lawsuit against Binance, signaling a more favorable regulatory environment for cryptocurrencies under the current administration.
Institutional Investment: Strategy has increased its Bitcoin holdings with a $75.1 million investment, acquiring an additional 705 BTC. #Btc #usdt
Market Activity: BTC/USDT remains one of the leading trading pairs on Binance's USD-M perpetual futures market, indicating sustained investor interest.
🔍 Technical Analysis
Technical indicators suggest that Bitcoin is experiencing a bearish divergence, with the Relative Strength Index (RSI) not confirming recent price highs. This divergence could indicate a potential price correction in the near term.
📊 Monthly Performance
Bitcoin has shown significant volatility since October:
October: -10%
November: +62.19%
June (so far): +97.45%
For real-time updates and detailed analyses, you can visit Binance Square's Bitcoin News section.
