BTC coin up 111k trade now $BTC 📆 Recent Trends & Market Context
BTC recently hit an all-time high of around $111,970 on May 22, 2025 .
Over the past two days, Bitcoin has dipped by ~1.6%, finding support in the $107K–$108K range .
May witnessed a strong run (+10.3%), driven by gains in BTC reaching near $112K .
A rare convergence has occurred—stocks, gold, and Bitcoin are all nearing record highs, fueled by a weak U.S. dollar and improved investor risk appetite .
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🔍 Drivers Behind Today's Movement
Take‑profits and light correction: Analysts suggest BTC is in a corrective phase after recent highs near $111K. Support is expected around $106K–$108K .
Macro backdrop: Cooling U.S. inflation and a weaker dollar are bolstering Bitcoin as investors seek inflation hedges .
Sentiment boost: Legislative developments like the GENIUS and CLARITY Acts are improving regulatory clarity for crypto .
BTC recently hit an all-time high of around $111,970 on May 22, 2025 .
Over the past two days, Bitcoin has dipped by ~1.6%, finding support in the $107K–$108K range .
May witnessed a strong run (+10.3%), driven by gains in BTC reaching near $112K .
A rare convergence has occurred—stocks, gold, and Bitcoin are all nearing record highs, fueled by a weak U.S. dollar and improved investor risk appetite .
---
🔍 Drivers Behind Today's Movement
Take‑profits and light correction: Analysts suggest BTC is in a corrective phase after recent highs near $111K. Support is expected around $106K–$108K .
Macro backdrop: Cooling U.S. inflation and a weaker dollar are bolstering Bitcoin as investors seek inflation hedges .
Sentiment boost: Legislative developments like the GENIUS and CLARITY Acts are improving regulatory clarity for crypto .
BTC recently hit an all-time high of around $111,970 on May 22, 2025 .
Over the past two days, Bitcoin has dipped by ~1.6%, finding support in the $107K–$108K range .
May witnessed a strong run (+10.3%), driven by gains in BTC reaching near $112K .
A rare convergence has occurred—stocks, gold, and Bitcoin are all nearing record highs, fueled by a weak U.S. dollar and improved investor risk appetite .
---
🔍 Drivers Behind Today's Movement
Take‑profits and light correction: Analysts suggest BTC is in a corrective phase after recent highs near $111K. Support is expected around $106K–$108K .
Macro backdrop: Cooling U.S. inflation and a weaker dollar are bolstering Bitcoin as investors seek inflation hedges .
Sentiment boost: Legislative developments like the GENIUS and CLARITY Acts are improving regulatory clarity for crypto .
🇺🇸 1. “Trump Gold Card” Immigration Program Launch
Trump unveiled a new “Gold Card” initiative—a $5 million investment visa aimed at wealthy foreigners.
Launch includes a government-backed website (trumpcard.gov) where applicants can join a waitlist for expedited U.S. permanent residency and a potential path to citizenship .
He promoted it as “a higher level of sophistication than a green card,” intending to use the proceeds for immigration enforcement .
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🛡️ 2. National Guard Deployment and State Clash
Trump deployed the National Guard to Los Angeles in response to protests and immigration enforcement actions.
California Governor Gavin Newsom has filed a lawsuit, accusing Trump of overstepping executive authority and infringing on state sovereignty .
Reuters and Politico report that Trump is even discussing broader use of the Insurrection Act and intending to invoke unilateral tariffs in coming weeks .
The price of $TRUMP memecoin dropped to around $10.39, marking a 4.4% decline in the last 24 hours.
Market cap has also shrunk to around $2.07–2.10 billion.
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🏛️ Political and Regulatory Pressure
Some U.S. Senate Democrats are raising questions about Trump's connection to the TRUMP coin and his involvement with World Liberty Financial, citing a potential conflict of interest.
There’s talk of an official investigation tied to a bill called the “GENIUS Act.”
Trump has reportedly earned over $350 million from this crypto project so far.
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💳 TRUMP Wallet Launch Cancelled
Eric Trump announced that the planned “official TRUMP wallet” has been canceled, due to disputes with the company World Liberty Financial.
The price of $TRUMP memecoin dropped to around $10.39, marking a 4.4% decline in the last 24 hours.
Market cap has also shrunk to around $2.07–2.10 billion.
---
🏛️ Political and Regulatory Pressure
Some U.S. Senate Democrats are raising questions about Trump's connection to the TRUMP coin and his involvement with World Liberty Financial, citing a potential conflict of interest.
There’s talk of an official investigation tied to a bill called the “GENIUS Act.”
Trump has reportedly earned over $350 million from this crypto project so far.
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💳 TRUMP Wallet Launch Cancelled
Eric Trump announced that the planned “official TRUMP wallet” has been canceled, due to disputes with the company World Liberty Financial.
The price of $TRUMP memecoin dropped to around $10.39, marking a 4.4% decline in the last 24 hours.
Market cap has also shrunk to around $2.07–2.10 billion.
---
🏛️ Political and Regulatory Pressure
Some U.S. Senate Democrats are raising questions about Trump's connection to the TRUMP coin and his involvement with World Liberty Financial, citing a potential conflict of interest.
There’s talk of an official investigation tied to a bill called the “GENIUS Act.”
Trump has reportedly earned over $350 million from this crypto project so far.
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💳 TRUMP Wallet Launch Cancelled
Eric Trump announced that the planned “official TRUMP wallet” has been canceled, due to disputes with the company World Liberty Financial.
CZ is now ranked 24th globally on the Forbes billionaire list, with a net worth of approximately $65.7 billion, making him the richest person of Chinese origin today .
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🔧 Working on Next-Gen Trading Platform
On Binance Square, CZ floated the idea of launching a perpetual‑contracts DEX, likened to a “dark pool” using advanced tech like zero‑knowledge encryption to protect order privacy and prevent front‑running .
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🌐 Market Commentary
CZ continues to shape market discourse—recently dismissing rumors about an Ethereum delisting and declaring that “not taking risks is a risk” for investors .
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🤝 Advocacy & Diplomacy
Though not today-specific, it’s worth noting that earlier this year CZ was appointed strategic advisor both to Pakistan’s Crypto Council in April and to the Kyrgyz Republic’s President in May, reflecting his continued global crypto influence .
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✅ Summary
Billionaire roundup: Now 24th richest globally, richest Chinese-origin person
Innovation push: Proposing a privacy-focused perpetual DEX
Thought leadership: Commenting on investor decisions and crypto trends
Here’s the latest on Elon Musk from today (June 12, 2025):
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📞 Public Reconciliation with Trump
Elon Musk reached out to Donald Trump with a phone call on Monday night before publicly expressing regret on X, admitting some of his posts about Trump “went too far” .
In a post early Wednesday, Musk said: “I regret some of my posts about President @realDonaldTrump last week. They went too far.”
Trump responded graciously, stating he felt “very nice” and had “no hard feelings,” though he noted he was “a little disappointed.”
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🚖 Robotaxi Launch Update
Musk has announced a tentative launch date of June 22, 2025, for Tesla’s first robotaxi service in Austin, Texas. Deployment will begin with about 10–20 fully driverless Model Y vehicles in geofenced areas, with expansion planned to other cities later .
Importantly, the launch has been delayed by 10 days from the original June 12 date, with Musk emphasizing safety as the reason .
He told reporters that while the 90‑day pause on sweeping tariffs ends on July 8, he's open to extending the deadline for countries negotiating in "good faith." But he stressed he doesn't believe an extension will be necessary, saying trade deals are "rocking" with around 15 countries, including South Korea, Japan, and the EU .
🌍 China
Trump endorsed a tentative London-backed trade deal, proposing total tariffs on Chinese goods would reach 55 %, combining existing and new levies tied to rare-earth minerals and fentanyl. The deal also includes eased Chinese export restrictions and improved student visa access .
🌀 FEMA
He revealed plans to begin phasing out FEMA "after the 2025 hurricane season," shifting disaster response responsibility to states and transferring federal funds directly from the presidential office .
🧨 Middle East & Iran
Trump stated that U.S. personnel are being repositioned from the "potentially dangerous" Middle East as nuclear negotiations with Iran stall . He also reiterated firm opposition to Iran obtaining nuclear weapons and announced a partial evacuation of the U.S. embassy in Iraq .
🪖 Immigration & Protests
Amid LA protests sparked by ICE raids, Trump defended his decision to deploy National Guard and Marines. Speaking at Fort Bragg, he vowed to “liberate Los Angeles” from “Third World lawlessness,” pledging support for law and order and indicating readiness to use “heavy force” against any protesters at the upcoming Washington military parade .