2 Reasons Bitcoin is Surging on 09 June 2025

Why is bitcoin rising today?

Bitcoin (BTC) is rising sharply and is now trading at $108,446 at the time of writing.

Its market capitalization has reached $2,155,543,471,788, and two key factors are pushing this rally forward—an institutional purchase and a strong technical breakout.

Here’s a clear look at what’s happening and what it might mean for Bitcoin’s next move.

1. Strategy’s Massive Bitcoin Purchase

Formerly known as MicroStrategy, Strategy is driving this surge by making a bold purchase today.

As shared by Michael Saylor on X, Strategy bought 1,045 BTC on June 9 for $110.2 million, paying an average of $105,426 per coin. This brings their total holdings to 582,000 BTC, which they acquired at an average price of $70,086, with a total value of around $40.79 billion.

Analyst Adam Livingston calls this move a “synthetic halving” because Strategy is buying Bitcoin faster than it’s being mined – 450 BTC are mined daily. This reduces supply and pushes up the price.

The purchase is backed by a $1 billion stock offering, showing strong confidence from Strategy and helping drive the price up.

2. Bitcoin’s Bullish Technical Breakout

Bitcoin’s rally also has strong support from a technical breakout.

The price jumped from $105,000 to $107,687 within a few hours.

bitcoin technical analyis june 2025 trading view

This breakout, backed by high trading volume, indicates a healthy uptrend, which is pulling in more traders and buyers.

Also Read – I Created the Best Bitcoin Guide You’ll Ever Read

Latest Bitcoin Price Movements

At the time of writing this article, Bitcoin is at $108,446, up from $103,994 on June 1. It is still below its June 6 high of $115,230. On June 5, Bitcoin dipped to around $101,000, following Circle’s $4.5 billion IPO and ETF outflows of about $278 million. Despite that, Bitcoin has gained 12.82% in the past week and is up 147.39% over the past year.

Right now, strong support exists between $95,000 and $100,000, while the 50-day EMA acts as a resistance zone.

Bitcoin’s Market Cap and Supply Details

With a $2.15 trillion market cap, Bitcoin is among the world’s top assets. It has a circulating supply of 19.87M BTC, out of a total cap of 21 million BTC. This leaves around 1.3 million BTC still to be mined.

Strategy’s 582,000 BTC equals 2.78% of the entire Bitcoin supply, which gives the company massive influence on market movement.

Next Bitcoin Halving Events

Bitcoin has already gone through four halvings in 2012, 2016, 2020, and 2024. The next one is expected around April 2028, when the block reward will be reduced to 1.5625 BTC. By that point, 97% of Bitcoin’s supply will be in circulation.

After that, only small amounts of BTC will be released until the final halving near 2140, after which no new Bitcoin will be created. Miners will then depend entirely on transaction fees. Experts believe the 2028 halving might be the last one to significantly affect prices. Future price moves will likely depend more on usage and adoption.

What’s Next for Bitcoin?

The current price rally is being fueled by today’s massive BTC purchase from Strategy and a solid technical breakout. While Bitcoin did face a quick dip on June 5, it has rebounded strongly.

Many analysts believe BTC could reach between $150,000 and $250,000 by the end of 2025, but this depends on how macroeconomic trends play out and whether Strategy continues holding or begins to sell if BTC falls below their average purchase price of $70,086.

This article is for informational purposes only and should not be considered financial advice. Investing in stocks, cryptocurrencies, or other assets involves risks, including the potential loss of principal. Always conduct your own research or consult a qualified financial advisor before making investment decisions. The author and publisher are not responsible for any financial losses incurred from actions based on this article. While efforts have been made to ensure accuracy, economic data and market conditions can change rapidly. The author and publisher do not guarantee the completeness or accuracy of the information and are not liable for any errors or omissions. Always verify data with primary sources before making decisions.

$764.9 Million Worth of Bitcoin Just Purchased

The U.S. House just passed the "One Big Beautiful Bill Act," a massive tax package backed by President-elect Trump.

A company that’s extremely confident in Bitcoin’s potential just invested $764.9 million to quickly buy 7,390 Bitcoin, showing strong belief in its future value.

Strategy, closely linked to Michael Saylor, a prominent Bitcoin proponent, is a major corporate holder of the cryptocurrency. Saylor has consistently advocated for Bitcoin as a superior store of value compared to traditional assets like gold or bonds, citing its fixed supply of 21 million coins and decentralized nature. Strategy’s acquisition of 7,390 BTC at $103,498 per coin brings its total holdings to 576,230 BTC, valued at $40.18 billion. With an average acquisition cost of $69,726 per coin, Strategy’s portfolio reflects significant unrealized gains, supported by a 16.3% year-to-date yield.

MicroStrategy Incorporated, founded in 1989 and headquartered in Tysons Corner, Virginia, is a global provider of enterprise analytics and mobility software. The company specializes in business intelligence, offering platforms for data visualization, reporting, and advanced analytics to help organizations make data-driven decisions. Led by CEO Michael Saylor, MicroStrategy has gained prominence in the cryptocurrency space since 2020, adopting Bitcoin as a primary treasury reserve asset. Listed on NASDAQ (MSTR), MicroStrategy serves thousands of clients across industries worldwide.

This move aligns with a broader trend of institutional buying, with firms like BlackRock and Twenty One Capital also making hefty Bitcoin purchases recently.

The Trump administration’s pro-cryptocurrency policies, alongside initiatives like American Bitcoin and World Liberty Financial, have bolstered market sentiment. Ethereum (above $2,600), Dogecoin (above $0.23), and Pi Coin (up 50% on ecosystem updates) reflect broader market strength, though Bitcoin retains over 50% of the market share.

With 19.7 million of Bitcoin’s 21 million total supply already mined, significant buys reduce available circulating supply, which can exert upward pressure on prices when demand remains strong.

Also Read – Why the sudden dump after a quick pump in Bitcoin?

Broader Cryptocurrency Trends

The purchase reflects several macro trends shaping the cryptocurrency market in 2025:

  • Global Adoption: Political and economic developments, such as Pakistan’s agreement with World Liberty Financial and Trump-backed crypto initiatives, indicate increasing mainstream acceptance.
  • Technological Advancements: Innovations like Ethereum’s scaling solutions and Bitcoin’s Lightning Network are enhancing transaction efficiency, supporting broader use cases.
  • Diversification: Altcoins are gaining traction, with Ethereum, Dogecoin, and others posting gains, though Bitcoin’s dominance persists due to its perceived stability and brand recognition.

Strategy’s acquisition positions Bitcoin as a corporate reserve asset, akin to gold for central banks, particularly in an era of rising global debt and fiat currency concerns.

Why the sudden dump after a quick pump in Bitcoin?

bitcoin crash latest news

After consolidating for almost eight days straight, Bitcoin jumped to $107,000 on Sunday, May 18. But as soon as it touched $107,108, it crashed 4,000 points down to $103,000.

The reasons for this crash may not be linked to any major fundamental factor. After such a rally, Bitcoin needed a pullback, or we can say it had to come to a discount territory.

Market moves smartly. It does not let weak hands who are inexperienced in the market stay in the rally. So it broke out above resistance to trigger short positions and lure bulls into longs. That is exactly where smart money starts booking profit with high efficiency. The area above the previous resistance zone becomes an extreme liquidity zone for big bears. Hence, it crashed to $103,000 with strong volume.

Could BTC/USD fall further? Where might it find support before it rises again?

Based on my personal chart technique, BTC may drop to $97,000 again before continuing its journey upwards. That is supposedly the best discount zone for big bulls.

Please note that this is just speculation. There is no guarantee Bitcoin will follow the same price action.

Also Read – What it will take for XRP to become the next Bitcoin?

Recent Developments in Fundamental Factors of Bitcoin

Big firms like BlackRock and MicroStrategy are buying Bitcoin as a shield against rising prices. ETF inflows are now much higher than the amount of new Bitcoin mined.

The April 2024 halving cut miner rewards to 3.125 BTC per block. By May 2025, the Bitcoin network’s computing power has grown a lot, showing more miners are joining. But with lower rewards, miners are using more efficient machines like Bitmain’s S21+ and finding cheaper electricity in places such as Oman and the UAE.

Large banks are planning to offer Bitcoin storage services if rules change. The EU’s new MiCA law in 2025 and clearer US regulations are making it safer for more investors to join. A new SEC chair, Paul Atkins, is also showing a friendlier stance toward digital assets.

Bitcoin (BTC) has seen significant price action in recent months, reaching an all-time high (ATH) of $109,114.88 on January 20, 2025. This milestone followed a strong rally, with BTC surpassing $100,000 for the first time on December 5, 2024, amid optimism from the U.S. election of a crypto-friendly administration.