Bitcoin Price $105,166.10 USD Top Runes Weekly Volume (Magic Eden) rune price volume holders 1. DOG•GO•TO•THE•MOON -6.2% 2.12M 96,099 2. NIKOLA•TESLA•GOD -27.5% 145.15K 7,554 3. MAGIC•INTERNET•MONEY -32.8% 95.07K 22,464 4. BILLION•DOLLAR•CAT -22.9% 78.92K 14,541 5. PUPS•WORLD•PEACE -24.7% 75.14K 12,946 6. GIZMO•IMAGINARY•KITTEN +4.4% 71.58K 8,185 7. LIQUIDIUM•TOKEN -29.4% 39.98K 19,198 8. RSIC•GENESIS•RUNE -16.9% 21.96K 97,361 9. HAWK•BITCION -36.2% 20.66K 1,160 10. LOBO•THE•WOLF•PUP -9.3% 13.96K 54,628 Top Ordinals Weekly Volume (Magic Eden) ordinals price volume/BTC 1. BITCOIN PUPPETS +10.1% 3.91 2. TAPROOT WIZARDS -5.5% 3.401 3. NODEMONKES -9.8% 2.725 4. ORDINAL MAXI BIZ (OMB) -6.0% 2.196 5. RUNESTONE -12.4% 1.681 6. BITCOIN WEIRDOS +54.2% 1.125 7. $MBTC BY RELICS PROTOCOL+48.0% 0.836 8. QUANTUM CATS -8.4% 0.807 9. GRAND8 / 0.605 10. BASED ANGELS -6.0% 0.457 Finance Price Movements and Market Trends Bitcoin’s price has exhibited significant volatility this week, with several notable movements. On May 22, 2025, Bitcoin reached a new all-time high of $111,970.17, driven by factors such as US President Donald Trump’s statement on the Russia-Ukraine war and growing institutional interest amid inflation concerns Economic Times. However, recent reports indicate a sharp drop below $104,000 on May 31, 2025, leading to $600 million in liquidations, as noted by CoinDesk. This was followed by a rebound above $104,300 the same day, with nearly $1 billion in liquidations triggered by tariff chaos. Bitcoin surpassed a $2.1 trillion market cap, trading around $105,000, with high trading volumes and growing institutional interest amid inflation concerns. Other price points include topping $103,000 and $104,000 on rate cut hopes and institutional buying, supported by softer US inflation data. However, there were dips, with Bitcoin slipping below $110,000, $108,000, and $106,812 intraday, amid profit booking, FTX creditor payouts, Ether options expiry, and ETF inflows. Runes have emerged as a dominant force, with the top Rune token, DOG-GO-TO-THE-MOON, boasting a market capitalization over 11 times that of the leading Ordinal token. This disparity is evident in trading volumes: over the past week, Runes recorded $85 million in trading volume, compared to $9.8 million for Ordinals. On June 2, 2025, DOG/BTC surged 8.3%, reaching 0.000013 BTC, with a trading volume spike to $5.2 million in just 4 hours, driven by strong investor demand. DOG•GO•TO•THE•MOON is at the center of attention due to its imminent spot listing on Kraken tier 1-CEX, and the community's solid commitment to promoting "the free and fair movement." The community aims to flip Dogecoin and reach $1 per DOG, driving significant investor interest. Institutional and Corporate Developments GameStop announced the purchase of 4,710 Bitcoins, valued at $512.6 million, leading to a surge in premarket trading following the announcement Economic Times. Trump Media & Technology Group secured $1.44 billion in stock sales and $1 billion in bonds, with plans to earmark funds for a Bitcoin treasury, providing over $3 billion in liquid assets. The company is also raising $2.5 billion to $3 billion for cryptocurrency ventures, aiming to diversify into financial services, including Bitcoin. Fidelity introduced Fidelity Crypto for IRAs, launched on April 2, 2025, with no account fees and a 1% transaction fee, enabling investment in Bitcoin, Ethereum, and Litecoin within Roth, traditional, or rollover IRAs. JPMorgan Chase announced it will offer clients access to Bitcoin ETFs, despite CEO Jamie Dimon’s continued criticism, signaling broader crypto acceptance amid regulatory easing. Additionally, Jetking Infotrain invested in Bitcoin, holding 21 Bitcoins valued at ₹13.6 crore as of May 28, 2025, raising ₹6.10 crore through share sales for the purchase. US banks are also tiptoeing toward crypto, awaiting clearer AML-crypto regulations, reflecting cautious optimism. Market Predictions and Analyses Analysts and experts have made various predictions for Bitcoin’s future price, reflecting both optimism and caution. One analyst predicts Bitcoin could surge to $118,000 soon, with the current price at $106,145, and most of the crypto community expects it to surpass the January 2025 peak by May’s end. Peter Brandt forecasts $150,000 by August, while Fred Krueger sees it hitting $600,000 by October. Other experts, including Adam Back, predict $500,000 to $1 million long-term, with Standard Chartered forecasting $200,000 by 2025 and $500,000 by 2029, and Bernstein suggesting $200,000 this bull run. Robert Kiyosaki predicts $250,000 this year and $500K-$1M long-term, citing rising systemic risks, failed bond auctions, and hyperinflation. However, there are warnings of potential corrections. Analyst Dave the Wave predicts Bitcoin heading for $160,000 by September, but contingent on a 9.22% monthly growth rate, with a possible correction to $90,000 in early June. This reflects the market’s uncertainty, with both bullish and bearish outlooks. Regulatory Context and Broader Implications The regulatory landscape remains a significant factor, with US banks cautiously approaching crypto, awaiting clearer anti-money laundering (AML) regulations. This uncertainty could impact future investments and Bitcoin’s stability, as seen with JPMorgan’s move to offer Bitcoin ETFs despite CEO criticism, signaling a broader acceptance amid regulatory easing. Bitcoin’s role as a supplementary asset, rather than replacing the US dollar, was also discussed, emphasizing its growing adoption but limited ability to displace traditional currencies due to stability and reach. These developments suggest Bitcoin is increasingly integrated into mainstream finance, but regulatory clarity remains crucial for sustained growth. The community is divided, with some seeing regulatory hurdles as barriers and others as opportunities for legitimization. Technology Miner Developments Recent news highlights significant advancements in Bitcoin mining hardware and operations. On May 28, 2025, Bitmain announced its new S23 miner, offering an energy efficiency of 9.5 J/TH and a hash rate of 580 TH/s at 5,510 watts. This improvement could lower operational costs, potentially boosting profitability by 2026. Mining companies are also adapting to market conditions. On May 25, 2025, detailing performances: Marathon Digital saw stock growth despite a Q1 miss, focusing on cost-cutting and green initiatives; Riot Platforms mined 463 BTC in April, with reserves at 19.2K BTC; Iris Energy aims for 50 EH/s and is expanding into AI and HPC; and Core Scientific emerged from bankruptcy with an $8.7B AI data center deal. These developments indicate a sector diversifying into AI and HPC, with the market value exceeding $2.4 billion in 2025. However, sustainability is debated. Miner daily fee revenue averages around $445,838, based on recent data, but there are concerns about future halvings reducing profitability. Protocol and Technology Updates Protocols are expanding Bitcoin’s capabilities, enabling new use cases. Hemi Network upgrades Bitcoin to be programmable, allowing native BTC for lending, staking, and building, driving DeFi via the Hemi Virtual Machine (hVM). This is a significant development for Bitcoin’s DeFi ecosystem. Bitlayer’s collaboration with mining pools is another key update. Bitlayer teaming up with Antpool, F2Pool, and SpiderPool, controlling 31.5% to 36% of the hashrate, to back BitVM, enabling complex smart contracts without altering the base protocol. However, this has raised centralization concerns, with Lopp warning about skirting full node relay rules, indicating potential risks. Layer 2 solutions are also being explored for scalability. Starknet’s integration with Xverse, discussed in a March 23, 2025, article, aims to bring Ordinals, Runes, and DeFi to Bitcoin, addressing network congestion from high inscription volumes Starknet. These developments suggest Bitcoin is becoming more programmable, though scalability remains a challenge. Events and Community Engagement Recent events underscore interest in these developments. Bitcoin 2025, held in Las Vegas from May 27-29, 2025, included sessions on Ordinals and Runes, with over 30,000 participants, featuring talks by Casey Rodarmor, their creator . An X post by @BenGruenbaum mentioned purchases of Ordinals and Runes on MagicEden during the event, highlighting community engagement. No major events are scheduled for June 2025, but discussions from May, like Permissionless IV in Brooklyn from June 24-26, 2025, cover related topics, though not specifically focused NinjaPromo.