$BTC

Current price: US $105,653, hovering just above the intraday low of ~$105,110 and shy of the high near ~$106,368.  

• 24‑h volume: ~$37–38 billion; market cap: approx $2.10 trillion. 

• All-time high (ATH): around US $111,970–$111,990 on May 22, 2025. 

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🔍 Recent Price Action & Drivers

• Correction from ATH: BTC dropped ~7% from its ~$111.9 K peak to ~$104 K, a normal pullback after a rapid rally. 

• Macro shifts: Rising U.S. Treasury yields and uncertainty over tariffs reduced risk appetite and weighed on price. 

• Polarizing voices: Tensions between Trump and Elon Musk stirred volatility, seeing Bitcoin dip below $101 K temporarily. 

• Resilience amid risk: BTC rebounded and held above $105 K; e.g., it closed near $106.3 K on June 8 despite U.S. political turmoil. 

• Institutional demand: Corporate treasuries are increasingly hoarding BTC—companies like MicroStrategy and GameStop are joining the trend. 

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📊 Technical Outlook

• On-chain and technical indicators show a bullish bias, with sustained support around $105–$105.4 K. 

• Bullish momentum remains, although analysts (e.g., Cointelegraph) warn of a possible dip toward $64 K if a bearish RSI divergence unfolds. #USDT