Overview
- President Trump’s Truth Social post claimed growth would offset deficits and praised Bitcoin’s adoption as “a great thing” for the dollar, helping lift its price above $108,000.
- Bitcoin is trading between $107,900 and $108,700, nearing its $112,000 record high and up roughly 14% year to date.
- Bitcoin’s share of the overall crypto market has climbed nine percentage points this year to 64%, marking its strongest dominance since January 2021.
- Altcoins have experienced more than $300 billion in market value losses so far in 2025, reflecting investor shifts into Bitcoin and stablecoins.
- The Senate approved the Genius Act for stablecoin regulation, with administration endorsement of the Clarity Act on market structure, both poised for final congressional action.