As of June 7, 2025, $BTC (BTC) is trading at approximately $104,843, reflecting a modest intraday gain of 1.23%. This follows a recent dip from its all-time high of $111,814, reached earlier this month.
📉 Market Volatility and Institutional Moves
The cryptocurrency market experienced significant turbulence on May 30, 2025, when $750 million in liquidations occurred due to massive options expirations, leading to widespread panic across exchanges. Despite this, institutional interest remains strong. MicroStrategy recently announced a new preferred stock offering with an 11.75% yield, raising $980 million intended for further Bitcoin acquisitions.
🌐 Global Regulatory Developments
In the United States, the Trump administration has taken significant steps to integrate cryptocurrency into national policy. A notable move includes the establishment of a Strategic Bitcoin Reserve, funded by the U.S. Treasury’s forfeited Bitcoin holdings. Additionally, Trump Media has filed for a Bitcoin exchange-traded fund (ETF) named Truth Social Bitcoin ETF B.T., aiming to provide investors with Bitcoin exposure without direct ownership.$
Meanwhile, the UK’s Financial Conduct Authority (FCA) is considering lifting its six-year ban on crypto exchange-traded notes (ETNs) for retail investors, signaling a potential shift in the UK’s approach to cryptocurrency regulation.
🇵🇰 Pakistan’s Strategic Bitcoin Initiatives
Pakistan has emerged as a proactive player in the cryptocurrency space. The government-backed Pakistan Crypto Council (PCC), established in March 2025, unveiled the country’s first Strategic Bitcoin Reserve at the Bitcoin 2025 conference in Las Vegas. Furthermore, the government has allocated 2,000 megawatts of surplus electricity for Bitcoin mining and AI data centers, aiming to position Pakistan as a significant participant in the global crypto economy.
📸 Bitcoin 2025 Conference Highlights
The $BTC
2025 conference, held from May 27-29 in Las Vegas, attracted approximately 35,000 attendees, marking it as the largest global gathering of $BTC professionals and enthusiasts. The event featured prominent speakers, including Vice President JD Vance and members of the Trump family, reflecting Bitcoin’s growing political and economic influence.
