Bitcoin kicked off Asia’s trading session above $101,500, holding strong despite renewed tariff tensions and political drama involving former President Donald Trump and Tesla CEO Elon Musk. Traders remain bullish, projecting BTC could hit $120,000 by the end of the year.
#MyCOSTrade #TrumpVsMusk #MarketPullback 
🚀 Bullish Momentum Builds for Bitcoin
Market optimism continues to swell. According to Semir Gabeljic of Pythagoras Investments, institutional confidence is powering Bitcoin's resilience. "Despite some volatility from tariff surprises, Bitcoin’s fundamentals remain strong," he told CoinDesk.
Traders on prediction platform Polymarket are now placing a 69% probability on Bitcoin reaching $120K before year-end, citing corporate accumulation and regulatory clarity as driving forces. Public companies now hold over 809,100 BTC—valued at nearly $85 billion—more than double from a year ago.
Paris-based market maker FlowDesk highlighted a buildup of momentum. “The market is clearly coiling,” the firm said, noting reduced leverage but a spike in on-chain borrowing, which may signal a major breakout ahead.
🪙 Crypto Market Snapshot
Coin Price 24h Change
Bitcoin (BTC) 💰 $101,681.19 ↓ 3.19%
Ethereum (ETH) 💰 $2,413.89 ↓ 7.90%
Tether (USDT) 💰 $1.0008 ↑ 0.07%
XRP 💰 $2.1099 ↓ 4.51%
BNB 💰 $633.79 ↓ 4.68%
Solana (SOL) 💰 $145.37 ↓ 5.31%
USD Coin (USDC) 💰 $1.0002 ↑ 0.07%
Tron (TRX) 💰 $0.2770 ↑ 1.56%
Dogecoin (DOGE) 💰 $0.1713 ↓ 9.84%
Cardano (ADA) 💰 $0.6292 ↓ 6.47%
(more coins below...)
😬 $TRUMP Token Tanks Amid Feud Fallout
The political-themed $TRUMP memecoin plunged over 9% after a public spat between Donald Trump and Elon Musk went viral. The clash—centered on Trump’s proposed “Big, Beautiful Bill” and its economic consequences—rattled crypto investors.
Matters worsened as the memecoin’s official wallet, made in partnership with Magic Eden, went offline following a cease-and-desist from a rival Trump-branded crypto project. Trump's sons distanced themselves from the initiative, pointing instead to their support of World Liberty Financial, a separate Ethereum-based venture.
🟢 Circle (CRCL) Explodes 167% on IPO Debut
Stablecoin giant Circle saw a massive 167% surge on its first day of public trading, closing at $83, far above its $31 IPO price. The company, behind USDC, briefly touched $104 intraday before pulling back.
The IPO success arrives alongside increased stablecoin volumes:
USDC: ↑ 22%
USDT: ↑ 13%
Despite the surge, analysts are watching for signs of long-term durability, drawing comparisons to Coinbase’s 2021 debut.
🛑 U.S. Sanctions Philippines Firm for $200M Scam Network
The U.S. Treasury has sanctioned Funnull Technology Inc., a Philippine-based company accused of aiding large-scale crypto scams, often referred to as "pig butchering." The firm allegedly hosted hundreds of fraudulent investment websites, scamming U.S. citizens out of $200 million.
As a result, all U.S. entities are now barred from doing business with Funnull or its administrator, Liu Lizhi, in a move aimed at safeguarding crypto investors.
📈 Global Market Reactions
Nikkei 225: +0.14%, buoyed by Trump-Xi trade talk optimism
S&P 500 Futures: Flat amid Musk-Trump uncertainty
Gold: $3,363.58, rising on weak U.S. data
BTC: Dipped to $100K before rebounding
ETH: Dropped after failing to break $2,640
Bottom Line:
Despite market drama and falling altcoins, Bitcoin’s institutional appeal and strong fundamentals are keeping it on track for six figures. Circle’s IPO success highlights growing demand for stablecoin infrastructure, even as political risks and scams remind investors to stay alert.