Bitcoin Remains Stable at $107K as FBI Arrests $25M Hacker and India Plans BTC Reserve

Bitcoin maintained a stable position around $107,600 on Friday, even amidst a wave of global news, ranging from FBI arrests to geopolitical maneuvers. A significant factor contributing to investor stability was the apprehension of British citizen Kai West, known online as “IntelBroker,” who is accused of operating BreachForums and facilitating the trade of stolen corporate information.

The FBI reported that West was responsible for damages exceeding $25 million by leaking data from more than 40 companies in exchange for Bitcoin and Monero. He was detained in France and is currently awaiting extradition to the United States.

A fascinating report details how “IntelBroker” was apprehended. The report indicates that Kai West primarily utilized Monero; however, the use of Monero $XMR was not a factor in his capture. In fact, Monero’s robust privacy features posed challenges for law enforcement.
Thus, in January 2023, an FBI… pic.twitter.com/7Xs84lFEu9

— MetaRyuk (@metaryuk) June 26, 2025

One undercover agent reportedly spent $250 in Bitcoin to gain access to confidential documents. West’s cyber group is said to have sold data valued at $2.5 million. By 2024, IntelBroker had established himself as a prominent figure in the darknet community.

Despite the controversy, Bitcoin’s price movement showed little reaction, indicating that traders are growing more confident in regulators’ capacity to monitor blockchain transactions.

• BTC remained stable at $107,600
• $42.6B in 24-hour volume indicates robust activity
• Market capitalization stays at $2.14 trillion

This incident underscores the dual nature of cryptocurrency, which can be utilized for illicit activities yet remains traceable. The increasing technical capabilities of law enforcement to track cryptocurrency transactions are bolstering market confidence.

India Proposes Bitcoin Reserve to Enhance Economy

Additionally, a positive report emerged from India, where Pradeep Bhandari, a national spokesperson for the ruling BJP party, advocated for a pilot program involving a Bitcoin reserve. In an article for India Today, Bhandari pointed out that countries like Bhutan and the U.S. are already investigating sovereign cryptocurrency strategies, suggesting that India could gain from being included in that group.

BREAKING: Indian Ruling party #BJP National Spokesperson Pradeep Bhandari urges India to consider #Bitcoin as a strategic reserve asset.
Citing the increasing adoption in the U.S. and Bhutan.
States that a #Bitcoin reserve pilot could enhance India’s economic resilience. pic.twitter.com/oVXnRowB37

— The Crypto Times (@CryptoTimes_io) June 26, 2025

Bhandari highlighted India’s expanding renewable energy sector as a competitive edge for Bitcoin mining and accumulation. He contended that regulatory clarity, which is still absent in India’s tax-heavy landscape, could foster innovation, attract investment, and position India as a frontrunner in financial technology.

Currently, India imposes a 30% tax on crypto gains under Section 115BBH of the Income Tax Act, without a formal regulatory framework. Nevertheless, domestic interest in cryptocurrency remains robust. Following Bhandari’s comments, Bitcoin traded around $107,100, indicating consistent institutional confidence.

Bitcoin Technicals Indicate Possible Reversal

From a technical perspective, Bitcoin encounters significant resistance at $108,250, the peak of a descending trendline visible on the 2-hour chart. After a sharp rebound from $99,717, the asset surpassed key Fibonacci levels—0.618 at $102,977 and 0.5 at $103,984—before stalling within a tightening range. Price movements suggest a rising wedge pattern, which frequently precedes a downturn.

Bitcoin price chart – Source: Tradingview

The 50-EMA at $106,147 and the 23.6% Fibonacci level at $106,237 provide essential support. Meanwhile, MACD is indicating bearish divergence, with momentum waning as histogram bars decrease. Recent candlesticks resemble spinning tops and doji formations—indicators of uncertainty.

• Bearish trigger: Break below $106,200
• Downside targets: $104,991 and $103,984
• Upside invalidation: Daily close above $108,250

If bulls are unable to decisively breach $108,250, a pullback toward $104K may occur. Conversely, a clear breakout could initiate a rally toward $109,257 and $110,448.

BTC Bull Token Approaches $8.4M Hard Cap as Presale Enters Final Hours

With Bitcoin trading close to $105,000, investor attention is shifting toward BTC Bull Token ($BTCBULL), an emerging altcoin that is nearing full allocation during its presale. As of today, the project has secured $7,438,492.88 of its $8,397,441 goal, leaving less than $1 million to be raised before the token price escalates to the next tier.

Currently priced at $0.00258, early investors have a limited window to participate before the upcoming price increase takes effect.

Bitcoin-Linked Tokenomics and Burn Mechanism

BTCBULL connects its value directly to Bitcoin’s price through two smart systems:

• BTC Airdrops: Distributed to holders, prioritizing presale participants.
• Supply Burns: Automatically triggered when BTC increases in $50,000 increments.

• APY: 55% annually
• Lockups: None
• Liquidity: Immediate
• Total Pool: 1,925,149,417 BTCBULL

This staking model appeals to both DeFi veterans and newcomers seeking passive income. With only hours remaining and the hard cap nearly achieved, momentum is rapidly increasing. BTCBULL’s combination of Bitcoin-linked value, scarcity mechanics, and flexible staking is driving significant demand. Early participants have a limited timeframe to engage before the next pricing tier is activated.

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