As of June 8, 2025, the BTC/USDC currency pair has shown moderate volatility, with the current Bitcoin price at approximately $106,500, up about 1.5% from last weekend. At the beginning of June, Bitcoin traded in a range between $103,700 and $106,700, briefly dipping to $100,000 due to news conflicts between Elon Musk and Donald Trump, before quickly rebounding. Technical analysis indicates weakening bullish momentum: on the four-hour chart, the price remains below the key moving averages of 20, 50, and 100 periods. However, if the price breaks through and stabilizes above $108,000, there is still potential for an upward reversal, possibly opening the way to $115,000 or even $130,000, provided that interest from institutional investors and ETFs increases.
From a fundamental perspective, the market is supported by the successful IPO of Circle, the issuer of USDC, reflecting a growing interest in regulated digital assets. For example, Japan's Metaplanet company has increased its holdings of 1,088 BTC at an average price of approximately $108,600; such investment purchases have also enhanced positive market expectations. Overall, BTC/USDC is in a wait-and-see phase for the start of a new round of market activity, and if favorable signals appear, it may welcome an upward trend.
