Bitcoin Plunges 6% Amid Trump Musk Dispute

Bitcoin experienced a significant drop on Thursday, triggered by a public dispute between US President Donald Trump and Tesla CEO Elon Musk. This unexpected conflict led to a broader market retreat, with crypto assets being among the hardest hit due to deteriorating risk sentiment. Bitcoin, which had shown signs of stabilization earlier in the week, plunged to a session low of $100,501, marking a roughly 6% decline from the week’s high near $106,000. This drop erased recent gains built on bullish momentum and speculation about mainstream institutional adoption.

As Bitcoin faces renewed volatility, retail traders are increasingly turning their attention to high-risk, high-reward assets like Bitcoin Pepe, which is in the closing stages of its presale. Capital is shifting towards nascent tokens as investors seek gains in segments driven by momentum and the promise of outsized returns. Bitcoin Pepe has gained prominence as a go-to option for those looking to capitalize on current market sentiment.

Japanese investment firm Metaplanet has announced a $5.4 billion capital raise aimed at increasing its Bitcoin holdings, marking what it claims to be Asia’s largest equity financing to date for Bitcoin acquisition. The funding will be secured through the issuance of 555 million shares, equivalent to 92.4% of Metaplanet’s total shares outstanding, via moving strike warrants. This structure allows the company to incrementally sell shares over a two-year period to reduce market disruption. Metaplanet aims to hold 30,000 BTC by the end of 2025, 100,000 BTC by the end of 2026, and 210,000 BTC by the end of 2027, targeting ownership of 1% of Bitcoin’s fixed 21 million coin supply. The firm plans to use a mix of instruments beyond equity, including convertible bonds, preferred shares, and ordinary bonds, signaling a long-term, diversified approach to Bitcoin accumulation.

While Bitcoin navigates short-term price swings, its deepening integration into institutional finance is helping lay the groundwork for renewed market-wide momentum. Investor interest is shifting towards speculative niches, with meme coins quickly drawing inflows. Bitcoin Pepe, which blends meme-driven appeal with blockchain infrastructure ambitions, has captured significant attention. Touted as one of 2025’s most closely followed presales, Bitcoin Pepe aims to “build Solana on Bitcoin,” combining Bitcoin’s robust security layer with Solana’s scalability. Unlike many meme tokens that rely primarily on hype, Bitcoin Pepe is positioning itself with a technical roadmap. It has raised over $13.9 million during its ongoing presale, ahead of a listing announcement set for June 17. The project has also outlined several partnerships to bolster its Layer 2 ecosystem, teaming up with Super Meme, Catamoto, and Plena Finance. As capital continues to rotate into early-stage plays, Bitcoin Pepe is aiming to ride this momentum as it enters the final stretch of its token sale.