$BTC

As of June 6, 2025, Bitcoin (BTC) is experiencing a period of volatility. After reaching an all-time high of $111,800 earlier this week, BTC has pulled back to around $104,820. This decline is attributed to profit-taking by long-term holders and broader market fluctuations.

Despite the short-term downturn, analysts maintain a positive long-term outlook. The Market Value to Realized Value (MVRV) ratio, a key on-chain metric, suggests that Bitcoin may still have significant upside potential. Some projections indicate a possible peak in late Q3 or early Q4 2025, with price targets ranging from $180,000 to $320,000.

In a significant development, Bitcoin's 900,000th block was mined today, marking a milestone in its blockchain history.

Additionally, the UK's Financial Conduct Authority (FCA) has proposed lifting the ban on crypto exchange-traded notes (ETNs) for retail investors, indicating a shift towards more favorable regulatory conditions.

In the United States, President Trump's recent executive order to establish a Strategic Bitcoin Reserve underscores the growing institutional interest in Bitcoin as a national asset.

For those in Madaripur, Bangladesh, considering Bitcoin investments, it's essential to stay informed about global market trends and regulatory developments, as these factors can significantly impact the cryptocurrency landscape.