Market Update: Bitcoin Dips Below $109K, Altcoins Show Mixed Results
Bitcoin (BTC) saw a slight pullback today, dipping below $109,000 after hitting a record high of $111,961 on May 22. This 1.6% dip is attributed to profit-taking and the surprising news of Trump's tariff plan for the European Union, highlighting Bitcoin's continued volatility.
Despite the dip, overall market sentiment remains cautiously optimistic, with the global crypto market cap exceeding $3.5 trillion. However, a $562 million liquidation event triggered by tariff concerns has introduced some unpredictability.
At the time of writing, Bitcoin is trading near $108,868, down 2.45% in the past 24 hours.
Altcoin Performance:
Ethereum (ETH) is down 4% to $2,532.
XRP saw a 3% drop to the $2.3 price mark.
BNB ($668) and Solana ($179) held relatively steady.
Dogecoin ($0.2342) showed slight resilience.
Stay tuned for more updates as the market reacts to these developments!
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