๐จ Crypto Market Update โ May 24, 2025
๐ Market Dip Amid Tariff Concerns
Bitcoin (BTC) has pulled back from its recent high of $112,000, currently trading at $108,441, down 2.5%. This decline follows President Trump's announcement of potential new tariffs, including a 25% levy on iPhones manufactured outside the U.S. and a 50% tariff on European Union goods starting June 1. These threats have unsettled both crypto and traditional markets.
Source: Barron's
๐ฆ Institutional Moves & Stablecoin Developments
Major U.S. banks, including JPMorgan and Citigroup, are reportedly exploring the development of joint stablecoins to compete in the growing digital transaction space.
Source: Barron's
๐ Global Crypto Scandals
In Argentina, President Javier Milei faces scrutiny over the $LIBRA cryptocurrency scandal, where a meme coin he promoted plummeted in value, leading to allegations of a rug pull and $250M in investor losses.
Source: Wikipedia
๐ Current Prices:
Bitcoin (BTC): $108,441
Ethereum (ETH): $2,557.07
BNB (BNB): $667.78
Cardano (ADA): $0.7636
XRP (XRP): $2.34
๐ Whatโs Next?
With geopolitical tensions and regulatory developments influencing the market, traders are advised to stay informed and exercise caution.
โHow are you adjusting your crypto strategy during this dip? HODLing, buying the dip, or sitting out? Let us know below!
#CryptoNewss #bitcoin #Ethereum #Stablecoins ๐๐