Crypto Market Drops Across the Board This Morning
On the morning of May 24, the cryptocurrency market was deep in the red as Bitcoin fell to around $107,000 after reaching a peak of $112,000. The main reasons include:
Investors lock in profits after a strong rally
US-EU trade tensions escalate
Over 163,000 positions were liquidated, valued at over $500 million
Major coins like ETH, BNB, ADA, and XRP all lost between 4%-7%. Analysts believe this is a technical correction, but investors should be cautious of short-term volatility.
