Bitcoin Update – June 24, 2025
Bitcoin is currently trading near $106,000 recovering from a recent drop below $99,000. The price rise over the last day is mainly due to two key reasons:
1. Improved Global Situation – Hope for a ceasefire between Israel and Iran has made investors more confident, lifting Bitcoin’s value.
2. Federal Reserve Signals – The U.S. central bank hinted that it might slow or pause interest rate hikes, which encourages investors to buy riskier assets like Bitcoin.
Looking ahead, some experts believe Bitcoin could reach $120,000 or even \$200,000 by the end of the year. However, risks remain from ongoing geopolitical tensions and economic changes that could affect the market.
In summary, Bitcoin is bouncing back but remains sensitive to global news and financial policies. Stay updated and trade carefully.
