$BTC

**Bitcoin (BTC) Price Update – June 8, 2025**

Bitcoin (BTC) is trading at **$71,200**, up **2.3%** in the past 24 hours, as market sentiment improves amid institutional inflows. The cryptocurrency remains in a consolidation phase after recent volatility, with support near **$69,000** and resistance at **$72,500**.

Key drivers include growing optimism around **spot Bitcoin ETF inflows**, with BlackRock’s IBIT seeing renewed demand. Meanwhile, **U.S. jobs data** and Fed rate cut expectations are influencing broader market trends.

On-chain data shows **reduced exchange outflows**, suggesting accumulation by long-term holders. The **Bitcoin Fear & Greed Index** stands at 65 (Greed), reflecting bullish sentiment.

Regulatory developments remain in focus, with South Korea tightening crypto oversight and the EU enforcing MiCA regulations. Analysts expect sideways movement until a breakout above **$73,000** confirms a new uptrend.

*— Market data as of 10:00 AM UTC*