A unique Bitcoin price model forecasts a $220,000 to $330,000 peak before the end of 2025. Key takeaways: Bitcoin researcher Sminston With says BTC could gain 100% to 200%, with a cycle peak between $220,000 to $330,000. Bitcoin continues to exhibit strong cyclical volatility, contradicting the belief that its price swings are softening over time. Read more
The move represents a significant shift from the Pakistani government's earlier position that cryptocurrencies would never be legalized. Bilal Bin Saqib, head of Pakistan’s crypto council, announced on May 28 that the country is moving to establish a strategic Bitcoin reserve. Speaking at the Bitcoin 2025 conference in Las Vegas, Nevada, Saqib said the government of Pakistan followed the United States’ lead in establishing a Bitcoin strategic reserve and is embracing pro-crypto regulatory policies. The government official told the audience: The announcement represents a significant departure from the government of Pakistan’s previous stance on cryptocurrencies, holding that crypto would never be legal in the country. Read more
Shares of GameStop and Trump Media and Technology Group tumbled on May 28 as investors reacted to both companies’ newly announced Bitcoin purchases. Shares of video game and collectibles retailer GameStop dropped nearly 11% on May 28 after the company announced its first Bitcoin purchase, triggering a classic sell-the-news reaction. The stock closed at $31.21 on the New York Stock Exchange, according to Google Finance. The company announced the purchase of 4,710 Bitcoin (BTC) valued at roughly $513 million on May 28. GameStop confirmed plans to create a BTC treasury strategy on March 26, following months of investor speculation and rumors that it would begin accumulating the cryptocurrency. Read more
Investor profit-taking eroded Bitcoin’s bullish momentum and opened the doors to a price consolidation phase. Will traders buy altcoins at a discount? Key point: Bitcoin’s market structure is still bullish, even as a phase of profit taking and consolidation sets in. Bitcoin (BTC) remains pinned below the breakout level of $109,588, indicating that the bears are fiercely defending the level. Bitfinex analysts said in a market note that profit-taking generally follows after Bitcoin hits a new all-time high after a sharp rally. The report added that a mild retracement or consolidation would be healthy and lay the foundation for the next leg higher. Read more