$BTC đ Market Snapshot (as of June 12, 2025)
Price:âŻââŻ$107,586
Daily Move: Down ~1.8% intraday, after touching a high of $109,696 and a low of $106,742.
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đ Whatâs Moving Bitcoin Today
1. Record Asset Convergence
Bitcoin, stocks, and gold are all approaching or sitting near record highs â a rare synchronization fueled by the U.S. dollar's ~9% drop yearâtoâdate and investor concerns over U.S. trade/tariff policies, especially under Trump's administration .
2. Fed & Inflation Signals
Cooling inflation data (CPI/PPI) has weakened the dollar and strengthened risk assets. Lower interest rate expectations are supporting capital flow into crypto .
3. Approaching Key Resistance
BTC is hovering just below its allâtime high (~$112k). Technical analysis highlights a breakout pattern and a bullish golden cross, with resistance near $112k and support zones around $107k and $100k .
4. OnâChain Momentum
The Hash Ribbon indicator has recently flashed a âbuyâ signalâfollowing a prior April signalâadding confidence that the underlying network fundamentals remain strong .
