$BTC
As of June 6, 2025, Bitcoin (BTC) is experiencing a notable correction 📉. After reaching an all-time high of $111,970 on May 22, it has declined by approximately 7%, currently trading around $103,685. This downturn is attributed to macroeconomic uncertainties, including reinstated U.S. tariffs that have heightened risk aversion among investors.
Additionally, a reported fallout between former President Donald Trump and Elon Musk has contributed to market volatility, pushing Bitcoin's price below the $101,000 threshold earlier today. Despite these challenges, analysts view this pullback as a healthy correction following Bitcoin's rapid ascent. The market remains cautiously optimistic, with some experts predicting a potential rise to $200,000 by the end of the year. Investors are advised to monitor market developments closely during this period of heightened volatility.
