$BTC As of June 6, 2025, Bitcoin (BTC) is trading at approximately $103,733 USD, reflecting a 0.9% decline over the past 24 hours.

The recent downturn in Bitcoin's price is attributed to several factors:

Political Tensions: The public dispute between former President Donald Trump and Elon Musk has unsettled investors, leading to increased market volatility.

Market Reactions: Despite the successful IPO of Circle Internet Group, which saw its shares triple, the broader cryptocurrency market did not experience a corresponding uplift.

Whale Liquidations: Significant sell-offs by large Bitcoin holders, often referred to as "whales," have contributed to the price decline.