Bitcoin today 06/01/2025: On the rise, BTC price approaches US$ 100 thousand amid market recovery

The price of Bitcoin Today, 06/01/2025, Bitcoin is showing a significant increase in the last 24 hours, aiming to return to the US$ 100 thousand mark. After a period of high volatility, Bitcoin found a moment of calm that began last weekend, when it managed to stay above US$ 98.000.

Meanwhile, the cryptocurrency market today is showing considerable increases in asset prices, with emphasis on the RENDER, PENGU, SAND, XDC tokens, which are registering an increase of more than 8% today amid the recent recovery in the sector.

Yesterday, Bitcoin traded as low as $97.292 before beginning its upward movement and peaking at $99.840 today, according to market data. However, the asset failed to sustain its upward movement and retraced to the current zone. At the time of publication, the price of Bitcoin was quoted at $99.186,81 with a rise of 1.6% in the last 24 hours, equivalent to approximately R$609,850.72 BRL and €95,425.89 EUR. In its weekly development, the asset's price showed a recovery of 5.9%.

Source: TradingView

Analysts at analytics platform Santiment noted current investor sentiment, suggesting that traders are still waiting for much higher prices before getting too excited about the asset. However, the experts noted that cryptocurrency prices often move in the opposite direction to retail expectations.

“Bitcoin has rallied back to a high of $99,8K to start the new week. However, based on the massive spike in mentions of $110K+ BTC from 2 weeks ago, it appears that traders are still waiting for much higher prices before getting too excited. Cryptocurrency prices almost always move in the opposite direction of retail expectations. When your timeline is filled with euphoria and suggestions for you to buy, take this as a strong profit signal. Alternatively, buy with confidence if your timeline is filled with gloom and doom.” stressed .

In the same vein, following Bitcoin’s recent movement, most major cryptocurrencies are showing significant increases in their prices in the last 24 hours. Ethereum is trading at $3.648,46 with a 1.1% increase in its price. XRP is trading at $2,40 with a 1.9% increase. Cardano is priced at $1,08 after registering a 0.6% increase. Solana cryptocurrency is showing a 1.6% increase and is trading at $216,01.