$BTC As of February 6, 2025, Bitcoin (BTC) is trading at approximately $98,641, reflecting a slight increase of 0.032% from the previous close.

In recent months, Bitcoin has experienced significant growth, surpassing the $100,000 mark for the first time in December 2024. This surge was largely attributed to the election of President Donald Trump, whose administration has been viewed as crypto-friendly. Notably, the appointment of cryptocurrency advocate Paul Atkins as the prospective chair of the Securities and Exchange Commission (SEC) has been seen as a positive development for the crypto industry.

Analysts have identified several catalysts that could drive Bitcoin's price to their cycle target of $200,000 by 2025. These include increased institutional adoption, potential regulatory clarity, and the possibility of the U.S. establishing a Bitcoin reserve.

In Pakistan, Bitcoin's value has also seen substantial increases. For instance, on December 29, 2024, the price of Bitcoin reached Rs 26,455,321.12.

Please note that cryptocurrency markets are highly volatile. It's essential to conduct thorough research and consider the inherent risks before making any investment decisions.