Today, May 31, 2025, Bitcoin’s price has fallen sharply to around $103,700, driven by a mix of liquidations, technical breakdowns, and broader economic concerns.
Market Liquidations:
Over $827 million in crypto positions were liquidated in the past 24 hours, with long positions hit the hardest. This has intensified selling pressure across the market.
99bitcoins
Technical Breakdown:
Bitcoin broke below a critical support level at $92,000, reaching a low of $89,500. This technical breakdown has increased market volatility.
Blockchain.news
Geopolitical and Economic Uncertainty:
Renewed global tensions and macroeconomic uncertainty are contributing to the wider market decline. The total crypto market cap has fallen by 2.12% as investor caution grows.
Economic Times
Regulatory Developments:
The U.S. House of Representatives has introduced the Digital Asset Market Clarity (CLARITY) Act, aiming to regulate digital assets. Although it brings clarity, it also creates short-term uncertainty for the market.
Barron’s
These combined factors highlight the current challenges facing Bitcoin investors. Stay informed and exercise caution as volatility remains elevated.
