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Sunday, June 22, 2025

Bitcoin Pumps to Mid-June Levels following Boris Johnson's Resignation - Blockchain.News

Bitcoin (BTC) hit the $22K level, a scenario last seen in mid-June after Boris Johnson resigned as the UK prime minister.
Even though BTC had retraced to the $21,825 zone during intraday trading, the leading cryptocurrency was still up by 7.18% in the last 24 hours, according to CoinMarketCap.
Johnson resigned in a week marred by turmoil in British politics as various ministers quit based on a slew of scandals. Therefore, Johnson’s authority was eroded, which typically paralyzed the UK government.
Speaking to onlookers and supporters outside 10 Downing Street on Thursday, Johnson stated:
“It is clearly now the will of the parliamentary Conservative Party that there should be a new leader of that party and therefore a new prime minister.”
Nevertheless, he blamed the Conservative Party for his woes and said:
“As we have seen at Westminster … when the herd moves, it moves. And my friends, in politics, no one is remotely indispensable.”
Therefore, news about Johnson’s resignation has...



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