$BTC Bitcoin (BTC) — June 2025 Update

Bitcoin trades near $70,000, underpinned by unprecedented institutional demand and macro tailwinds:

ETF Dominance: U.S. spot Bitcoin ETFs now hold 1.1 million BTC ($77B+), led by BlackRock (IBIT) and Fidelity (FBTC), driving 85% of recent price gains .

Halving Impact: Post-April 2024 supply cut slashed daily issuance to 450 BTC, intensifying scarcity amid surging demand .

Nation-State Adoption: El Salvador mines BTC via volcanic energy; Bhutan expands mining reserves; Venezuela adds BTC to central bank assets .

Tech Innovation: BitVM enables smart contracts, while Lightning Network processes 70% of retail transactions .

Catalysts Ahead:

Fed Rate Cuts: Projected September 2024 reduction fuels inflation-hedge demand .

U.S. Election: Trump’s pro-crypto stance may spur pro-market policies .

$100K Target: Analysts cite ETF inflows, miner accumulation, and historical post-halving rallies .

Risks: Regulatory scrutiny (SEC lawsuits) and energy debates persist, though 75% of mining uses renewables .