Bitcoin trades near $109K after recent highs as the 2025 Crypto Conference kicks off. Key speakers, regulations, and market moves drive attention.
Bitcoin Stays Near Highs After $112K Surge
Bitcoin prices hovered near record levels on Tuesday, trading around $108,962.20 by early morning U.S. time. The cryptocurrency dipped 0.6% after last week’s peak of nearly $112,000, driven by profit-taking and large-scale “whale” transactions.
Despite the pullback, Bitcoin remains buoyed by optimism surrounding regulatory advances and the prospect of greater institutional adoption. Both the U.S. and Hong Kong have recently introduced significant legislation aimed at regulating the stablecoin market.
- In the U.S., the GENIUS Act advanced in the Senate, providing a framework for stablecoins.
- Hong Kong passed a bill establishing a licensing regime for fiat-referenced stablecoin issuers.
- Reports suggest major U.S. banks may launch a joint stablecoin project, indicating shifting attitudes on Wall Street.
Crypto Industry Gathers for 2025 Summit
Anticipation surrounds the start of the Bitcoin 2025 Conference, opening today at the Venetian Expo in Las Vegas. With over 30,000 attendees, 400+ speakers, and 5,000 companies, this year’s edition is set to be the largest yet.
Key speakers include:
- Michael Saylor, Justin Sun, Jack Mallers, and Vlad Tenev (Robinhood CEO).
- Political heavyweights like U.S. Vice President JD Vance, Senator Cynthia Lummis, and SEC Commissioner Hester Peirce.
- Noted economist Peter Schiff is also slated to share his perspective.
With Bitcoin hovering near its all-time high, the conference could inject fresh momentum into the cryptocurrency market.
Altcoins Slide as Bitcoin Stabilizes
As Bitcoin holds steady, most major altcoins mirrored its movement with declines on Tuesday:
- Ethereum dropped 0.5% to $2,558.52.
- XRP fell 2.3% to $2.2911.
- Solana lost 2.7%, Cardano dipped 1.9%, and Polygon dropped 3%.
- Among meme coins, Dogecoin slipped 1.8%, while $TRUMP dropped 2%.
In separate news, Trump Media & Technology Group (TMTG), the parent of Truth Social, denied reports from the Financial Times suggesting it plans to raise $3 billion to invest in cryptocurrencies. The company labeled the report as inaccurate and its sources as unreliable.