$BTC

As of June 6, 2025, Bitcoin is trading at approximately $103,800, down about 1% over the past 24 hours. The recent decline is attributed to a public feud between Elon Musk and Donald Trump, which has unsettled investor sentiment and led to significant liquidations in the crypto market.

This downturn follows Bitcoin's recent all-time high of over $111,000 in May. Analysts note that the current bull cycle differs from previous ones, with less retail enthusiasm and more cautious institutional participation. Despite the pullback, some metrics, like the Hash Ribbons, have flashed a 'buy' signal, suggesting potential for future gains.

Looking ahead, the release of the U.S. Jobs Report today could introduce further volatility, as employment data often influences market dynamics. Investors are advised to stay informed and exercise caution in the current market environment.