Bitcoin has shown a strong resilience in early June, continuing its upward momentum. It is currently trading at $109,224 with a surge of 3.93% in the past one week.
Source: TradingView
According to the data from CoinMarketCap, Bitcoin prices are up by 4.32% in the past seven days and have grown by around 5.48% in a month.
In the intraday time frame, the trading volume of Bitcoin saw a decline of 7.99%, reaching $52.73 billion, and the market capitalization is $2.17 trillion. On the other hand, it traded highest at $110,380 and lowest at $108,367, and its all-time high is $111,970.
Source: CoinMarketCap
With a back-to-back spike in Bitcoin, now experts are arguing that it will soon cross the mark of $112k and might establish a new all-time high at $115k or above.
Bitcoin recently succeeded in breaking out of a descending triangle and is now retesting $109k- $110k, which could actually be a key support and further help it to reach a new high.
It is worth noting that the Bitcoin market cap was recorded at $2.281 trillion on June 23, 2025.
According to blockchain analytics, 76.6% of Bitcoin holders are holding BTC between $0-$1k, followed by 21.38% between $1k- $100k and 1.98% above $100k.
Key factor influencing the prices of Bitcoin
As its prices continued to show a bullish signal, experts termed several points responsible for the spike in price, including the growing institutional adoption of Bitcoin, the maturing ground of BTC ETFs, geopolitical discussions, and others.
Especially since Q3, 2024 to till writing majorly of growth reported by Bitcoin has been fueled by institutional adoption, and at the same time entry of BlackRock, one of the largest asset managers, has changed the image at a wider level.
Some major institutions that bought Bitcoin are GameStop, Strategy (earlier MicroStrategy), Metaplanet, K33, The Blockchain Group, Jasmine International, Meitu Inc., DigitalX, and Nano Labs, among many others.
Also, spot ETFs have primarily contributed to the growing prices of Bitcoin, and alone in May this year, an inflow of $7.05 billion has been recorded; the BTC ETF offered by BlackRock has remained in the spotlight with the highest positive inflows.
Donald Trump’s victory has also helped the crypto sector to revive, and Bitcoin became one of the first to add hundreds of dollars to its price.
After Trump’s changed stance, several other political figures have embraced crypto, including Nayib Bukele, the president of El Salvador, and the newly elected president of South Korea, Lee Jae-myung is also a pro-crypto leader.
In his 2nd term, Trump embraced crypto by signing several executive orders, also at a time he signed to halt the development of CBDC.
