As of Saturday, June 7, 2025, Bitcoin (BTC) is trading at approximately $104,532, reflecting a 2.6% increase over the past 24 hours. The price has fluctuated between an intraday low of $101,686 and a high of $105,220.
Market Overview:
Recent Volatility: Bitcoin experienced a dip below $101,000 earlier this week but has since rebounded. Analysts suggest that BTC is currently navigating a symmetrical falling channel, with potential for either a further correction or a rally towards new highs.
Influencing Factors: The crypto market's recent turbulence has been partly attributed to a public feud between Elon Musk and Donald Trump, leading to significant liquidations and a drop in market capitalization.
#Binance Updates:
SKATE Token Listing: Binance has announced the listing of the SKATE token on its Alpha platform, introducing futures trading with up to 50x leverage and an accompanying airdrop event.
Market Sentiment: Data indicates that long-term Bitcoin holders are gradually selling, while large investors (whales) continue to make small purchases. #TrumpVsMusk #MarketPullback #CircleIPO #CUDISBinanceTGE #BlackRockETHPurchase