$BTC If you’re using DeFi or interacting with smart contracts, understand the risks of rug pulls, contract exploits, and permissions.

💡 Pro Tip: Revoke token approvals regularly on sites like Revoke.cash.

Your crypto is only as safe as your habits. Stay vigilant.

As of June 7, 2025, Bitcoin (BTC) is trading at approximately $104,828, reflecting a 2.36% increase over the past 24 hours. This uptick follows a rebound from earlier dips, where BTC briefly touched the $100,000 support level amid market volatility.

The recent price movement is influenced by several factors:

Economic Indicators: A strong U.S. jobs report boosted investor confidence, contributing to the price rise.

Political Developments: Former President Donald Trump's call for a full percentage point rate cut by the Federal Reserve has added to market optimism.

Technical Analysis: Despite the rebound, analysts caution that a "head and shoulders" pattern is forming, which could signal a potential drop to around $96,000 if the pattern completes.

Investors are advised to monitor these developments closely, as the interplay between economic data, political statements, and technical patterns continues to shape Bitcoin's price trajectory.