Here’s a lowdown of the biggest events in the crypto world last week:
Bitcoin Disappoints the Doubting Thomases 🤭
So, President Trump said “he’s very disappointed” with Elon Musk and Elon Musk said “Without me, Trump would have lost the election.” Following the battle between the billionaires, the Bitcoin price fell to just over $100K, and boy did the crypto market panic 😨?
Many traders and analysts feared the bullish trend was over. Some even said it’s time to pack it up for another four years, but guess who’s back at over $106K? Bitcoin, baby 🚀!
Altcoins Bounce Back Slowly 📈
Bitcoin bounced back, so altcoins are having a comeback party, too. Top alts like Ethereum, Ripple’s XRP, Tron (TRX), and Hyperliquid (HYPE) moved back into the green zone after the other week’s decline.
Strategy is Increasing Its Bitcoin Stash…Again 🏬
In other news, Strategy and its founder, Michael Saylor, are finding more ways to raise funds to buy additional Bitcoins 😀. At this point, you must have lost count of how many Bitcoins the company owns. Well…it’s 580,955 BTC (around $61.2 billion or ₦95.7 trillion) as of the end of May 2025 🥶.
According to reports, the company aims to raise $250 million through an initial public offering (ICO). That means public investors can buy its stock and support the mission. The company also launched new Bitcoin-themed ties selling for $80 each. Could that be another move to raise more funds and stack up additional Bitcoins 🤔?
Trump Pushes for Lower Interest Rates 🏦
The US government could likely reduce its interest rates after Trump’s push for the Federal Reserve to cut the rates by a whole percentage. Despite reports of improved job growth and lower inflation, Trump believes the move will boost the US economy 💪🏽.
But, the Fed operates independently and isn’t controlled by the White House, so it has been resisting Trump’s call to lower interest rates. Still, Trump keeps criticizing the central bank, and if his demand is granted, the market could experience more inflows from individuals and institutions, leading to another bullish drive 🚀.
