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Here is an overview of the cryptocurrency market for the week of June 2 to June 8, 2025, incorporating the latest
🔍 Crypto market outlook – Week of June 2 to June 8, 2025 #BTC Bitcoin (BTC): Consolidation around $106,000 Bitcoin is currently trading at around $105,914, after reaching an all-time high of $111,814 the previous week. Analysts identify key support levels at $103,000 and $100,000, with resistance around $112,000. A breakout above this resistance could propel BTC to new highs, while a break of support could lead to a correction towards $97,000 or $93,000. (CCN.com, Coin Edition)
Alright crypto fam, today's been absolutely wild and we need to talk about what's happening with Trump and crypto 🔥 $BTC
So apparently Trump is out here pushing his own $Trump memecoin while simultaneously trying to ease crypto regulations. I mean... I'm not gonna lie, this feels pretty messy from an ethics standpoint. Like, the guy is literally promoting his own token while making policy decisions that could affect the entire crypto market?
Don't get me wrong - I'm all for easier crypto regulations. We've been screaming for clearer rules forever. But when the person making those rules is also hawking their own coin? That's giving me some serious conflict of interest vibes.
The Guardian is reporting concerns about foreign investor influence too, which honestly makes sense. If foreign money is flowing into Trump's crypto ventures while he's setting US crypto policy, that's... complicated.
Here's what I'm thinking as a trader:
Short term - This could actually pump the market because any talk of easier regulations usually gets people excited. We might see some green candles just on the regulatory hopes alone.
Long term - I'm worried this whole thing could backfire spectacularly. If this turns into a scandal or creates more regulatory uncertainty down the line, we could be looking at some serious corrections.
And can we talk about how wild it is that we're living in a timeline where the President has his own memecoin? Like, what even is 2025? 😅
I'm staying cautious here. Yeah, deregulation sounds great, but not if it comes with this much drama attached. The last thing crypto needs is more reasons for traditional finance to think we're all scammers.
Anyone else feeling conflicted about this? Part of me wants to be excited about pro-crypto policy, but the other part is just... concerned about how this all looks.
What's your take? Are you buying the regulatory optimism or staying away from the drama?