#AltcoinRising

🚀 Why are $BTC and Altcoins Rising Today?

Today, June 9, 2025, Bitcoin and other leading altcoins such as Venice Token (VVV), Kaia ($KAIA ), Ravencoin ($RVN ), Fartcoin (FARTCOIN), and SPX6900 (SPX) are showing significant price gains. Bitcoin rose to $108,000, reaching its highest level since May 29, a 7.55% increase from its monthly low. The total market capitalization of all cryptocurrencies exceeded $3.35 trillion.

Possible reasons for the rise:

- Easing trade tensions between the US and China: Talks that began today in London raise hopes of reaching agreements on easing export controls and possibly lowering tariffs. This reduces investor fears that have persisted for months due to escalating trade restrictions.

- Bitcoin Accumulation Continues: Major players such as Strategy (which bought 1,045 btc worth $110 million last week, bringing its total holdings to 582,000 BTC worth over $62 billion), as well as Trump Media, MetaPlanet, and GameStop, continue to aggressively buy Bitcoin. This wave of accumulation has led to a decline in the number of Bitcoins on exchanges to 1.18 million (down from 1.57 million on January 1), which is usually seen as a “bullish” signal as investors move assets into self-storage for long-term holding. * Bullish statements from leading financial players: Experts such as Katie Wood believe that the price of Bitcoin could increase 15 times over the next five years. FundStrat’s Tom Lee predicts that the coin will reach $200,000 to $300,000 by the end of the year.

- Cup-and-Handle chart pattern activation: The Bitcoin chart is witnessing the activation of this bullish pattern, indicating a potential jump to $142,000. Altcoins tend to do well when Bitcoin shows a strong rally.

These factors combine to create positive momentum for the entire cryptocurrency market.