₿ Bitcoin Update – June 10, 2025: Momentum Builds, Adoption Grows
📈 Price & Market Behavior
BTC hovered above $110,000, surpassing prior resistance, and has seen a steady rise following last week's pullback
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The “peaceful rally” continued, reinforcing the bullish technical structure with higher highs and higher lows.
However, on‑chain data signals some selling pressure from long-term holders
📰 Major Developments & News
1. Hotel group buys big on Bitcoin
Japan’s Metaplanet raises $5.4 billion to buy 210,000 BTC (≈1% of supply) by 2027.
Rebranding as “The Bitcoin Hotel” in Tokyo—shares jumped over 8,850% in two years
2. Institutional bull scenarios
ARK’s Cathie Wood forecasts BTC reaching $1.5 million by 2030.
Fundstrat’s Tom Lee predicts $150,000 this year and potentially $3 million long-term
3. Political and financial signals
UK’s FCA considers lifting retail ban on crypto ETNs—Bitcoin recently touched $112,000 per FT report
Political spotlight on Bitcoin: Vegas conference showed increasing alignment with GOP leadership
4. Bitcoin in emerging markets
Nairobi’s Kibera slum is now using Bitcoin via AfriBit — lower fees, new financial access, despite the risks
Paraguay’s president’s social account was hacked with a false notice that BTC became legal tender — official warning issued
⚖️ Analysis & What to Watch
Topic Insight
Technicals Sustained above $110K, yet profit-taking from holders may cool rally
Adoption Institutional pledges & corporate treasuries are creating a long-term backbone
Policy & Infrastructure Regulatory moves like FCA's ETN talks and political alignment could shape future appetite
Global Access Initiatives in Nairobi show BTC’s reach into unbanked regions, but volatility remains a risk
🔎 Bottom Line
Bitcoin is navigating a meaningful post-rally correction while building structural strength above $110K. Backed by massive institutional buying, political attention, and real-world adoption in emerging economies, BTC is trending toward becoming more than just a speculative asset.
