Bitcoin Stumbles Under $105K as Regulatory Winds Shift—Traders Brace for Impact
Global policy tremors send BTC below six figures—just another Tuesday in crypto.
The ’unstoppable’ asset meets immovable bureaucracy. Who blinks first?
Meanwhile, traditional finance bros clutch their spreadsheets and whisper ’I told you so’ between martini lunches.
India’s Regulatory Shift Could Change the Crypto Landscape
India is set to release a discussion paper on crypto regulation in June 2025, marking a significant milestone in its stance on digital assets. This paper will incorporate inputs from the FSB and IMF, and will involve stakeholders from the IT and finance sectors.
While the Reserve Bank of India is cautious and promoting its CBDC as a safer alternative, the global trend of regulatory acceptance, including pro-crypto comments from US Vice President J.D. Vance, suggests India may soften its stance.
Clarity on India’s crypto policies could boost institutional and retail confidence, making Bitcoin more resilient.
New York’s “Bitbond” Plan and Technical View on Bitcoin
At Bitcoin 2025, New York City Mayor Eric Adams announced plans to issue a Bitcoin-backed municipal bond, the “Bitbond”, where investors can earn returns tied to Bitcoin’s performance. He also renewed calls to scrap New York’s BitLicense, saying it stifles innovation.
LATEST: New York Mayor Eric Adams calls for a Bitcoin bond in NYC and an end to the state BitLicense program. pic.twitter.com/ZcGf9NhrmX
“You have a crypto mayor,” he said, vowing to make the city more crypto-friendly. This could attract institutional interest and increase the likelihood of long-term Bitcoin adoption.
Bitcoin Price Prediction – Technical Outlook
On the technical front, theis bearish. On the 2-hour chart, BTC/USD is in a descending channel with lower highs and lower lows.
The 50-period EMA acts as resistance, and the MACD exhibits DEEP red histograms and a bearish signal line crossover. A “Three Black Crows” pattern is strong bearish.
Support is at $102,168, and resistance is NEAR $106,655. If BTC breaks $102,168, it could test $100,799 or $99,356. A bullish reversal – a hammer or morning star pattern, with MACD divergence and EMA crossover – could take it back to $106,655.
Best Wallet ($BEST): The Future of Crypto Storage and Access
Best Wallet is capturing the spotlight as one of the hottest crypto projects, blending security, accessibility, and early-stage opportunities. With a sleek interface available on Google Play and the App Store, it supports over 1,000 cryptocurrencies. As the first wallet to integrate Fireblocks MPC-CMP technology, it’s already ahead of the curve in wallet innovation.
Key features include an Upcoming Tokens page that allows users to buy presale tokens directly within the app, without the need to connect wallets to potentially risky sites.
This seamless integration enables users to track token growth within their portfolio, all while benefiting from Fireblocks-backed security and a no-KYC sign-up process.
The $BEST Token isn’t just a utility; it’s a game-changer. It unlocks reduced transaction fees, higher staking yields, and exclusive early access to projects. Holders even receive governance rights, shaping the future direction of the Best Wallet ecosystem.
Additionally, the platform’s airdrop campaigns and quests provide further earning opportunities for loyal users.
With over $12.85 million raised in its presale and tokens priced at $0.025105, now is the time to act. Secure your $BEST allocation before the next price jump, and gain early access to a wallet that’s redefining how crypto enthusiasts and investors interact with digital assets.
