BTC
Here's an update on Bitcoin as of late June 2025:
Price:
As of June 28th, 2025, Bitcoin is trading above $107,260. In Pakistani Rupees, this translates to roughly 30,363,251 PKR.
Recent News and Developments:
* Positive Weekly Gains, Modest Monthly Performance: Bitcoin finished the last week of June with a 3.4% gain. However, its overall monthly performance has been more modest.
* Approaching All-Time High: Bitcoin is currently only about 4% below its all-time high reached on May 22nd. Some analysts anticipate a new record could be reached in early July.
* Analyst Bullish Outlook: One analyst from Traders Union sees a "bullish flag" pattern on Bitcoin's chart and predicts a strong rebound, potentially leading to a new all-time high next week due to collected liquidity.
* Institutional Interest Rising: Bitcoin ETFs attracted a significant $2.2 billion last week, indicating renewed trust in cryptocurrency amid market uncertainty. Investors appear to view Bitcoin as the primary beneficiary.
* Potential Market Uncertainty: There's some market uncertainty due to expected import tariff announcements from Donald Trump on July 9th, which are unpopular and could impact markets. However, a deal between the US, EU, and China could potentially trigger a new Bitcoin ATH.
* Spot Market Volume Concerns: Despite the near all-time high, some analysts note low spot market volume alongside rising futures activity, suggesting that leverage, rather than retail demand, is currently driving price action. This could make the start of Q3 potentially volatile.
* Bitcoin Pepe (BPEP) Presale Success: Bitcoin Pepe, a meme-centric Layer-2 on Bitcoin, has seen significant growth, raising over $15.3 million in its token presale. Its listing on MEXC and Bitmart is upcoming, with further exchange listing updates expected on June 30th.$BTC