Crucial Crypto News Today: Bitcoin Price Sentiment Splits, X Plans Payments, and TRUMP Memecoin Denials
Catch up on the latest **Crypto News** impacting the digital asset space today. From unexpected political drama involving memecoins to shifting market sentiment and major tech company plans, here’s a quick rundown of the key events you need to know.
TikTok Responds to TRUMP Memecoin Allegations
TikTok has addressed accusations regarding purchases of the official **TRUMP Memecoin**. A US representative claimed TikTok’s owners were buying the coin for a significant amount.
- TikTok’s official policy account denied the claims on X.
- They called the allegations false and irresponsible.
- The representative’s claims came amid news of another delay in a potential TikTok ban or sale in the US.
Bitcoin Price Sentiment Split as Crypto Market Trades Sideways
Sentiment surrounding **Bitcoin Price** is currently divided, with nearly equal numbers of bullish and bearish views. This split sentiment coincides with the broader **Crypto Market** trading sideways.
- Social media analysis shows a near 1:1 ratio of bullish to bearish comments, a level last seen during market reactions to global tariffs in April.
- Historically, markets moving counter to retail expectations can be a bullish signal.
- Bitcoin has traded flat around $104,500 recently, showing minimal movement over the past week.
Elon Musk’s X Plans 2025 Launch for Financial Services
**Elon Musk X** is preparing to integrate financial services into its platform, aiming for a 2025 launch. This move would allow users to manage payments and investments within the app.
- X CEO stated users could eventually transact their entire financial life on the platform.
- The company is considering launching its own credit or debit card later this year.
- Beta testing for the ‘X Money’ payment app is underway, with a focus on caution given user savings are involved.
- The financial services rollout is expected to begin in the US.
Today’s **Crypto News** highlights the diverse factors influencing the market, from political commentary affecting specific assets like the **TRUMP Memecoin** to broader market sentiment impacting **Bitcoin Price**, and the potential future impact of major platforms like **Elon Musk X** entering the financial sector. Staying informed on these developments is key in the dynamic **Crypto Market**.
