The price of Bitcoin (BTC) is under pressure, although not too much, in trading this Friday. Based on the latest data from CoinMarketCap, on Friday (6/6/2025) afternoon, the price of Bitcoin was recorded at around USD 102,637.66 per coin or around IDR 1.668 billion (assuming an exchange rate of IDR 16,275 per US dollar).
In the last 24 hours, Bitcoin has weakened by 2.50%. Meanwhile, if calculated over the past week, the price of the world's largest crypto asset has fallen by 3.28%.
Bitcoin's daily trading volume was recorded at USD 59.44 billion, while the market capitalization touched USD 2.03 trillion. With this figure, Bitcoin remains firmly in the top position as the crypto with the largest market capitalization.
Bitcoin hit its highest price on May 23, 2025 at USD 111,936.17 per coin. Bitcoin's supply is set at a maximum of 21 million, while the current circulating supply has reached 19.87 million.
Bitcoin is the world's first digital currency (cryptocurrency) created in 2009 by a person or group of people under the pseudonym Satoshi Nakamoto.
British multinational bank Standard Chartered has again rocked the crypto world with its latest prediction. According to Standard Chartered, the price of Bitcoin could reach USD 500,000 or equivalent to IDR 8.1 billion (assuming an exchange rate of IDR 16,294 per US dollar) before Donald Trump ends his second term as President of the United States.
Reporting from Coinmarketcap, Friday (6/6/2025), this bold prediction emerged after Bitcoin broke through USD 111,000 or equivalent to IDR 1.8 billion, which made market sentiment excited again. Many analysts have begun to speculate about the potential for a price spike in the future, and Standard Chartered is among the most optimistic.
According to Standard Chartered's calculations, if Donald Trump is indeed re-elected and inaugurated on January 20, 2025, his term of office will last until January 20, 2029. In the four-year period, the bank estimates that the price of Bitcoin could rise by more than 358,000%, reaching half a million US dollars per BTC.
Head of Global Digital Asset Research at Standard Chartered, Geoffrey Kendrick explained that the biggest driver of this price spike came from increasing institutional interest.
“The 13F data from the U.S. Securities and Exchange Commission supports our core thesis that Bitcoin will hit $500,000 before Trump leaves office. Bitcoin is attracting a lot of institutional players.” Geoffrey Kendrick$BTC
