Bitcoin (BTC) prices are experiencing significant fluctuations at levels above $106,000, as support was not only at the 104–105 thousand range but was also strongly breached in the past few days. Today (June 16, 2025), the price reached approximately $106,862, up about $1,852 compared to the previous close.
Current market drivers:
• Market sentiment is improving with ongoing institutional flows through Bitcoin exchange-traded funds (ETFs), boosting confidence after previous volatility due to geopolitical tensions.
• Strategic interventions, such as signals from Michael Saylor (formerly MicroStrategy) buying more Bitcoin, along with support for debt-based solutions, such as a $15.8 million loan to fund the Bitcoin strategy.
• Regional tensions in the Middle East (such as the tensions between Israel and Iran) sometimes cause sell-offs, but BTC has quickly recovered, continuing to hold above $106,000.
Key regulatory developments:
• In Vietnam, the "Digital Technology Industry" law was adopted on June 14, 2025, officially classifying digital assets and enhancing the regulatory environment, set to take effect in January 2026.
• In the European Union, licenses are expected to be granted to Coinbase and Gemini under the MiCA framework, paving the way for them to offer their services across the entire European market later on.
