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.
* Bitcoin Spot ETF Inflows: Bitcoin spot ETFs experienced a total net inflow of $501 million on June 27th. The Fidelity ETF (FBTC) led these inflows.
* Geopolitical Tensions and Bitcoin Resilience: Despite geopolitical tensions, such as US airstrikes on Iran, Bitcoin has shown resilience, with initial oil price spikes and Bitcoin gains reversing together.
It's important to remember that the cryptocurrency market is highly volatile, and past performance is not indicative of future results.