Bitcoin’s Rollercoaster: From Highs to Lows and Back Again! 🎢💰

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Ah, dear reader, it seems we find ourselves once more in the tumultuous world of Bitcoin, that capricious creature of the digital realm. After a prolonged period of jubilant ascents, it was almost a foregone conclusion that our dear Bitcoin would take a step back, much like a weary traveler who has overindulged at a banquet. And lo, it has done just that in recent days.

Let us rewind to the grand spectacle of last week, when this primary cryptocurrency, after enduring four months of existential dread due to the whims of global economic uncertainty, shattered its previous all-time high from January 2025. It soared to a dizzying height of nearly $112,000 on the most sacred of days—Pizza Day (May 22). 🍕

However, the euphoria was short-lived. The winds of fate, guided by none other than President Trump, blew a tempest of tariffs against the EU, sending Bitcoin tumbling downwards by several grand. Though the tariffs were suspended for a month, the cryptocurrency seemed to shrug it off, as if to say, “Tariffs? What are those?”

Throughout the week, Bitcoin flirted with the $110,000 mark, only to be met with the cold shoulder of resistance. The past 24 hours have been particularly disheartening, as it found itself once again halted at $109,000, plummeting to a weekly low of under $105,000. A tragic comedy, indeed!

Whispers among the community suggest that this decline may have been orchestrated to liquidate a certain high-end trader. Yet, the reality remains that Bitcoin has slumped over 2% on a weekly scale, though it has managed to claw its way back to $105,500 as of this very moment.

In the grand scheme of things, however, Bitcoin’s decline is but a minor inconvenience compared to the more severe plights of DOGE, SOL, ADA, SUI, LINK, and AVAX. The meme coin, in particular, leads this unfortunate parade with a staggering 8% drop. Oh, the irony! 😂

Market Data

Market Cap: $3.445T | 24H Vol: $142B | BTC Dominance: 60.9%

BTC: $105,630 (-2%) | ETH: $2,590 (-2.9%) | XRP: $2.18 (-4.3%)

This Week’s Crypto Headlines You Can’t Miss

SEC Drops Lawsuit Against Binance in Landmark Decision. In a twist of fate, the new leadership at the US SEC has decided to drop cases that their predecessors clung to like a child to a security blanket. Binance, the lucky recipient of this benevolence, can now breathe a sigh of relief.

Telegram in Limbo Over $300M xAI Deal – What’s The Holdup? In a tale of suspense worthy of a novel, Pavel Durov’s messaging giant finds itself in a quagmire over a potential deal with Elon Musk’s xAI. The deal remains unsigned, leaving us all on the edge of our seats. Will they? Won’t they?

BlackRock Bitcoin ETF Sees 33-Day Inflow Run, $4B in Past Fortnight. The world’s largest Bitcoin ETF, BlackRock’s IBIT, has been on a roll, registering a remarkable streak of 33 consecutive days of positive flows. It seems the ETF is the belle of the ball, outshining all others.

100 Million People Will Own BTC Soon: JD Vance at Bitcoin 2025. At the grand Bitcoin conference in Las Vegas, JD Vance, the current Vice President, proclaimed that soon, 100 million souls will own a piece of Bitcoin. A bold prediction, indeed!

GameStop Joins Strategy and Buys Over $500 Million Worth of Bitcoin. In a surprising turn of events, GameStop has entered the Bitcoin arena, announcing its first purchase of over $500 million. Meanwhile, the European football giant PSG has been quietly accumulating BTC, perhaps for a rainy day?

Donald Trump Jr. Unveils $2.5B Bitcoin Moon Shot at Vegas Conference. Not to be outdone, Trump Jr. has revealed plans for a $2.5 billion Bitcoin treasury. One can only imagine the fireworks that will ensue!

Charts

This week, we have a chart analysis of Ethereum, Ripple, Cardano, Hype, and Solana – click here for the complete price analysis.

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2025-05-30 17:23