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As of June 7, 2025, Bitcoin (BTC) is trading at approximately $105,585, reflecting a modest increase of 0.5% over the past 24 hours. Despite this uptick, BTC remains below its all-time high of $111,332.88 recorded on May 23, 2025 .
The cryptocurrency market recently experienced significant volatility, with nearly $384 million in liquidations across major assets, including Bitcoin and Ethereum. This turbulence was largely attributed to overleveraged positions and a brief price glitch on the MEXC exchange, where Bitcoin's price momentarily dropped to zero, triggering a wave of long position liquidations .
Analysts are closely monitoring Bitcoin's performance as it approaches a key resistance zone between $73,800 and $74,200. A breakout above this range could signal a potential upward trend, while failure to surpass it may indicate continued consolidation . 0 reply
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