Can Bitcoin Break Its Record This Week?

Bitcoin may look like it will hit a new high soon, but thee are several factors that could easily prevent that.

Written by: Timothy St. John • Monday, June 16, 2025 • 2 min read

• Last updated: Monday, June 16, 2025

Bitcoin might be kept back from its full potential for a while.

Quick overview

Bitcoin (BTC) has risen to $107,797, nearing its record high after a weekend dip to $103K.
The cryptocurrency's trade volume surged by 25%, exceeding $47 billion in a single day.
Potential obstacles to Bitcoin's growth include rising tensions in the Middle East and an anticipated Federal Reserve rate decision.
Investors should remain cautious as external factors could impact Bitcoin's upward trajectory.

Bitcoin (BTC) climbed back to $107K on Monday, nearing a new high after having fallen to $103K over the weekend. It looks like BTC may be on the way to hit a record high.

Bitcoin is ahead this weekend from where it was late last week, but ti may not last. — Bitcoin is ahead this weekend from where it was late last week, but it may not last.

Bitcoin is now priced at $107,797 (BTC/USD), which puts it less than 4% off its record high point. The coin jumped 2.22% on Monday as the stock market began to climb as well. Bitcoin has been buoyed by a better than expected market that is still under intense selling pressure due to conflict in the Middle East.

Trade volume for Bitcoin remains high, climbing 25% over the last day and bringing in more than $47 billion in that same period. It appears that Bitcoin could be headed to a new high very soon, but there are some mitigating factors that could hold it back.

What Will Prevent a Record for the Near Future

Bitcoin may be prevented from continuing its upward course by the rising tension in the Middle East. With fighting between Iran and Israel ramping up, the stock market has already taken a blow, and the cryptocurrency market may suffer as well.

There will be a Federal Reserve rate decision on Wednesday, which gives the government body a chance to issue an interest rate cut. In all likelihood, though, they will hold off on that cut because of high inflation. The Fed has said numerous times that they are waiting to issue more cuts until they see inflation decrease, and several economic indicators for the month of May have shown that inflation is very sticky right now.

Bitcoin will also be hindered by the login trade way, which the United States is engaging in with many of its top trade partners. Even though there is currently a pause on some of the strongest tariffs, new ones could be proposed at any time. President Donald Trump has proven to be very unpredictable in this area, and Bitcoin investors need to be aware that the tables could turn on them quickly.

Even if they bought the dip recently, there is no guarantee that Bitcoin will continue to climb over the next few days or weeks. It may be strangled by the ongoing Middle East fighting and these other factors that we have mentioned.

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ABOUT THE AUTHOR See More

Timothy St. John

Financial Writer - European & US Desks

Timothy St John is a seasoned financial analyst and writer, catering to the dynamic landscapes of the US and European markets. Boasting over a decade of extensive freelance writing experience, he has made significant contributions to reputable platforms such as Yahoo!Finance, business.com: Expert Business Advice, Tips, and Resources - Business.com, and numerous others. Timothy's expertise lies in in-depth research and comprehensive coverage of stock and cryptocurrency movements, coupled with a keen understanding of the economic factors influencing currency dynamics. Timothy majored in English at East Tennessee State University, and you can find him on LinkedIn.