Bitcoin’s Rollercoaster Ride: A Brief Rally Followed by Sharp Correction

Bitcoin recently experienced a dramatic price spike, reaching a new peak before undergoing a sharp 4% correction, settling at $108,700. This volatility has sent ripples through the cryptocurrency market, with altcoins mirroring Bitcoin's whipsaw action. Traders are pointing to macroeconomic factors, such as the U.S. imposition of 50% tariffs on EU imports, as a key driver behind the pullback. Despite the fleeting rally, market structure remains fragile as technical levels break, amplifying bearish sentiment. The cryptocurrency market continues to navigate these turbulent waters, with liquidity concerns adding to the uncertainty.

Bitcoin Price Spike Creates Waves in Cryptocurrency Market

Bitcoin's rapid ascent to a new peak ignited a fleeting rally across digital assets before succumbing to a sharp 4% correction. The reversal to $108,700 amplified bearish sentiment, with traders attributing the pullback to macroeconomic crosscurrents—particularly the U.S. imposition of 50% tariffs on EU imports.

Market structure remains fragile as technical levels break. Altcoins mirrored BTC's whipsaw action, though liquidity craters suggest deeper pain may follow. This marks the third failed recovery attempt since April, reinforcing the dominance of macro drivers over crypto-native catalysts.

Bitcoin 2025 Conference Set to Gather Crypto Leaders in Las Vegas

The Bitcoin 2025 Conference, a cornerstone event for the global cryptocurrency community, will convene at the Venetian Convention Center in Las Vegas from May 27 to 29. With over 400 industry leaders and speakers, including U.S. Vice President JD Vance and Blockstream co-founder Adam Back, the event promises to spotlight technological advancements and financial freedom initiatives.

Attendees can expect high-profile discussions on Bitcoin's evolving role in institutional adoption and decentralized finance. The conference serves as a barometer for the sector's trajectory, particularly as regulatory frameworks mature and Layer-2 solutions gain traction.

Robert Kiyosaki Advocates Bitcoin as a Hedge Against Financial Ignorance

Renowned financial author Robert Kiyosaki has doubled down on his endorsement of Bitcoin, positioning it as a critical safeguard against economic illiteracy. His argument hinges on Gresham’s Law—the principle that bad money drives out good—and Metcalfe’s Law, which underscores the network effect driving Bitcoin’s value.

Kiyosaki’s critique targets systemic financial ignorance, urging a pivot to hard assets like gold, silver, and Bitcoin. The cryptocurrency, he argues, functions as digital-era gold—a scarce, decentralized store of value immune to inflationary policies eroding traditional currencies.

Central Banks Favor Gold Over Bitcoin Amid Economic Uncertainty, Says Peter Schiff

Economist Peter Schiff highlights a growing divergence in asset preferences as central banks accelerate Gold purchases while largely ignoring Bitcoin. Global gold demand has surged to over 1,000 metric tons annually—more than double historical averages—as institutions seek proven stores of value during economic turbulence.

The trend reflects deepening skepticism toward fiat currencies, particularly the U.S. dollar, Schiff argues. Nations like Russia have systematically accumulated gold reserves since 2014 as geopolitical insulation. This strategy gains renewed urgency with escalating trade tensions and macroeconomic instability.

While crypto advocates anticipated institutional adoption, Schiff interprets the gold rush as a referendum on Bitcoin's perceived shortcomings as a reserve asset. The metal's millennia-long track record continues to outweigh digital alternatives during periods of systemic stress.

Bitcoin Surges to New Heights as Market Dynamics Shift

Bitcoin, the largest cryptocurrency, recently surged past $111,000, with experts predicting a potential rise to $125,000 by the end of Q2. The rally is fueled by increased institutional interest, capital inflows into spot Bitcoin ETFs, and a weakening dollar, reinforcing its status as "digital gold." However, geopolitical risks, such as Trump's 50% tariff threat on EU goods, briefly pushed prices below $100,000.

Shunyet Jan, Head of Derivatives at Bybit, describes the current trend as a "unique combination" of regulatory clarity, institutional capital influx, and macroeconomic tailwinds. Altcoins, meanwhile, face limited growth prospects as bitcoin dominates market momentum.

Robert Kiyosaki Endorses Bitcoin as 'Good Money' Under Monetary Laws

Robert Kiyosaki, author of 'Rich Dad Poor Dad,' has doubled down on his Bitcoin advocacy, framing the cryptocurrency as 'good money' under foundational economic principles. His analysis hinges on Gresham's Law—the observation that bad money drives out good when people hoard depreciating fiat—and Metcalfe's Law, which ties Bitcoin's value to its expanding network effects.

'People become poor when they ignore these laws,' Kiyosaki asserted, drawing parallels between Bitcoin's scarcity and the inflation-resistant properties of gold and silver. The entrepreneur's public endorsement spotlights Bitcoin's dual role as both a store of value and a hedge against monetary debasement.

Market observers note Kiyosaki's influence could galvanize retail investors, particularly those disillusioned with traditional finance. His emphasis on monetary axioms rather than price speculation lends institutional credibility to Bitcoin's long-term thesis.