Bitcoin Rises Tonight (June 9, 2025)
The price of Bitcoin (BTC) has experienced a significant rise tonight, trading in the range of US$107,800, up about +1.7% in the last 24 hours. This surge is driven by a combination of macroeconomic factors, technical analysis, and institutional interest.
From a fundamental perspective, the market is responding positively ahead of the release of U.S. inflation data (CPI) to be announced on June 11. Stable inflation expectations are fueling interest in risk assets like Bitcoin. Additionally, news regarding the IPO of major crypto companies such as Circle and the planned IPO of Gemini is also strengthening market sentiment.
Technically, Bitcoin is showing a bullish pattern with a short-term resistance target at the US$110,000 area. However, analysts also warn of potential corrections to the support level of US$104,000–105,000 if selling pressure increases or if inflation data disappoints.
Despite institutional funds exiting from the BTC ETF by US$129 million, inflows into Ethereum and increased spot volume indicate that the market remains active.
Overall, Bitcoin is showing solid upward strength tonight, although market participants are advised to remain cautious of volatility ahead of important economic data this week. Further increases could pave the way toward the psychological level of US$110,000.
