#CryptoCharts101 Bitcoin price reclaims $107,000 as political jitters fade
Bitcoin Bitcoin
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Bitcoin has quietly stabilized after a volatile week in which political headlines briefly disrupted market sentiment. The public dispute between U.S. President Donald Trump and Elon Musk pushed BTC toward the $100,000 mark, raising concerns about short-term confidence.
The decline, however, proved temporary. Over the weekend, Bitcoin began to recover, and as of Jun. 9, it is trading around $107,800, up nearly 2% in the past 24 hours.
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BTC price chart | Source: crypto.news
Institutional activity appears to be reinforcing the rebound. A growing list of companies is renewing interest in Bitcoin as a long-term treasury asset, drawing renewed attention to its role beyond trading.
MicroStrategy has re-entered the spotlight with a new capital raise. The company is issuing $1 billion in perpetual preferred stock and plans to allocate part of the proceeds toward additional Bitcoin purchases.
Metaplanet, which has been gradually building its BTC reserves over the past year, introduced a more ambitious target on Jun. 6. The firm now aims to accumulate 210,000 BTC by the end of 2027, expanding its original goal of 21,000 BTC by a factor of ten.
