People who invested in Donald Trump's official memecoin have lost a combined $3,810,000,000, with almost a million people losing money. Trump Coin had a peak value of around $75, but it's currently worth less than $2. Per NYT.
Michael Saylor says Bitcoin is more than a trade, it is “Economic Sovereignty” for families trying to preserve wealth across generations. He compared inflation to losing 7% of your oxygen or blood every year, arguing bitcoin offers a way out of slow financial erosion.
Bitcoin ETFs have seen $8.475B in net outflows since May 6, which Santiment says signals capitulation-driven fear rather than a reason for further panic.
President Trump says Taiwan literally took 100% of the semiconductor business almost, and I have them all moving back. They’re all moving back into this country. We’re going to have 40 to 50 to 60% of the chips, I think by the time or pretty close to the time I leave office.
Bitcoin ETFs have posted 10 consecutive sessions without a single day of net inflows, bleeding -$2.71 billion since June 17th. The last time a dollar came in net was June 16th, and that was a rounding error at +$6 million.
BREAKING: Bitcoin extends losses and drops below $59,000 as another $500 million worth of levered crypto positions are liquidated today. What's going on?