The Breakdown Bitcoin Inches Toward History as Politics, Policy, and Memecoins Collide
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May 22, 2025 Bitcoin is flirting with a new all-time high, sparking excitement and anxiety among traders. Analysts debate whether political events, like a Trump meme coin gala, could push the market forward. The rise of Robinhood’s tokenization efforts and Kraken’s international derivatives expansion are reshaping the crypto landscape. Additionally, the political fallout from meme coins is causing waves in places like Washington and Buenos Aires. As the regulatory environment shifts, the future of crypto is as unpredictable as ever.
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Bitcoin Nears New All-Time High
- Bitcoin's price is very close to a new all-time high, with strong positioning on both sides increasing liquidation risk.
- On-chain strength remains intact, and new highs are statistically likely within the next 50 days.
Emotional Impact of $100k Bitcoin
- The $100k Bitcoin mark carries huge emotional significance, with rejection leading to fear and approval causing greed.
- A $150k Bitcoin would create unprecedented FOMO and embolden risk-taking in crypto.
Trump Meme Coin Gala Anecdote
- Top 220 holders of Trump's meme coin will meet at his Washington golf course gala this Thursday.
- Justin Sun, founder of Tron, and current SEC lawsuit defendant, plans to attend as the largest Trump coin holder.