#BinanceAlphaAlert $BTC Today, May 15, 2025, the cryptocurrency market has experienced a red day, with the global cryptocurrency market capitalization falling by 4% to $3.42 trillion. This widespread decline has affected the major cryptocurrencies:

Bitcoin (BTC) has dropped by 1.7%, trading below $103,000.

Ethereum (ETH) has fallen by 2.3%, standing at $2,560.

Cardano (ADA) has been one of the biggest decliners, with a drop of 6.7% to $0.7709.

Possible reasons for this widespread drop:

Profit-taking after a bullish streak: After a period of gains over the last two weeks, some investors may be taking profits, putting downward pressure on prices.

Strengthening of the dollar: News about potential tariffs has strengthened the U.S. dollar, which historically has had a negative impact on cryptocurrency prices.

Regulatory news: There have been reports about the potential vote in the U.S. Senate on the GENIUS Act to regulate stablecoins, as well as reports that Brazil is considering stricter regulations. Regulatory uncertainty often creates volatility and can lead to sell-offs.

Liquidations: Liquidations have been reported in the futures market, which can exacerbate price drops as leveraged positions are forcibly closed.

Market sentiment: Overall market sentiment may have become more cautious after the recent rally, leading some investors to reduce their exposure to higher-risk assets like cryptocurrencies.

Specific events for some cryptocurrencies: While most cryptocurrencies are in the red, some specific news could be affecting certain altcoins more than others. For example, XRP has seen an increase in liquidations and a decline in network growth, which may be contributing to its weakness.$ETH $BNB