$BTC Bitcoin (BTC) is the world's largest cryptocurrency by market capitalization, operating on a decentralized blockchain network. It has seen significant price movements and continues to be a major topic in financial news.

Here's a summary of its current status:

Price and Market Cap:

* Current Price (as of June 16, 2025): Approximately S136,563.50 (around US107,000 - US$108,000 depending on the exchange rate).

* Market Cap: Around S2.70 Trillion (US2.13 Trillion).

* Dominance: Bitcoin maintains a strong market dominance, currently around 66.06% of the total crypto market.

Recent Price Action and All-Time Highs:

* Bitcoin recently hit a new all-time high above US$111,000 in May 2025, and some sources even report it briefly reaching US$109,500 in late May. Another report indicates an all-time high of S$143,408.46 (around US$108,388 on December 17, 2024, as per Coinbase data). These figures indicate a strong bullish trend in recent months.

* The price has been recovering and trading around $107,000-$108,000 after some minor corrections last week.

Factors Influencing Bitcoin:

* Institutional Inflows: A significant amount of institutional money is flowing into Bitcoin. Recent reports show $1.9 billion in crypto fund inflows in the past week, with Bitcoin leading at $1.3 billion. This marks a nine-week streak of positive flows, totaling $12.9 billion year-to-date. Companies like MicroStrategy continue to significantly increase their Bitcoin holdings.

* Mining Difficulty: Bitcoin's mining difficulty recently saw a slight decrease after reaching an all-time high of 126.9 trillion in May. Despite this, the overall trend points to increased miner competition and higher production costs. Publicly traded mining companies are expanding capacity and retaining mined BTC.

* Geopolitical Events: Conflicts, such as the Israel-Iran conflict, can cause short-term dips in Bitcoin's price, as seen recently, but the asset tends to recover.