$BTC

As of Monday, June 16, 2025, Bitcoin (BTC) is trading around $106,000 - $107,000 USD (approximately 92,24,298.93 Indian Rupees).

Here's a summary of recent news and market sentiment surrounding Bitcoin:

* Recovery after recent dip: Bitcoin has shown a gradual recovery after a dip earlier in the week, attributed to escalating Israel-Iran tensions. It has jumped past $107,000 for the first time since the attacks started.

* Institutional Demand: Investor confidence remains favorable, driven by consistent institutional inflows through Exchange Traded Funds (ETFs). Spot Bitcoin ETFs recorded a $1.37 billion inflow over the past week.

* "Bitcoin Treasury Companies": A growing number of publicly traded companies are accumulating Bitcoin. For instance, Metaplanet, a Japanese company, recently acquired an additional 1,112 BTC, bringing its total holdings to 10,000 BTC. MicroStrategy (now Strategy) remains the largest holder among these companies, owning nearly 3% of the total Bitcoin supply.

* Long-term Holders: Despite recent market volatility, long-term holders have continued to accumulate Bitcoin, indicating a strong belief in its future. Over 880,000 BTC have been acquired by long-term holders in the last 30 days, marking the largest wave of accumulation in years.

* Technical Indicators: Some analysts are observing initial bullish confirmations on the 4-hour chart, with price trading above 4H EMAs, RSI holding above 50, and a strong Stoch RSI reading.

* Potential Catalysts: There is speculation that geopolitical events like Iran-Israel peace talks or major US trade deals with Japan could be the next catalysts to push BTC into "price discovery" mode (where new all-time highs are set).

* Comparison to Gold: The recent geopolitical tensions have led to discussions about Bitcoin's role as a "digital gold." While gold rallied, Bitcoin saw a dip, prompting some to question its safe-haven credibility. However, many analysts still see it as a valuable asset for long-term holding.