Losses Extend to Nearly 8% for the Week

Historical knowledge round Bitcoin Magazine’s annual U.S. Bitcoin Conference has proven a transparent sample of poor worth efficiency for bitcoin throughout and simply after the occasion. The indicator did not disappoint in 2025, with bitcoin BTC$108,307.96 struggling in late May/early June alongside after which following this 12 months’s Las Vegas convention.

The logic behind that worth motion is not that arduous to decipher: in the weeks main up to the present, convention organizers — wanting to promote tickets and generate media protection — overhype the audio system and what are positive to be “massive” bulletins.

What follows is the standard solid of influencers, bitcoin OGs and newcomers to the sector (this 12 months the Trumps) extolling “freedom money,” “massive institutional and sovereign adoption,” and “bitcoin to the moon.”

How may the worth do something however dump?

Bitcoin Asia

For these not paying shut consideration, Bitcoin Magazine’s Bitcoin Asia convention happened this week in Hong Kong.

The featured audio system included Eric Trump, CZ, Adam Back, Balaji Srinivasan and David Bailey. Among the subject material coated — you guessed it — “freedom money,” “massive institutional and sovereign adoption,” and “bitcoin to the moon.”

The worth motion: sharply decrease.

At round $115,000 as attendees started arriving in Hong Kong earlier this week, bitcoin has tumbled to the present $108,400. This included a couple of 4% dive in a single day in the U.S. (Friday in Hong Kong) as David Bailey and Eric Trump took the stage for a chat titled “Bitcoin Takes Over the World.”