📉 Key Reasons for the Crypto Market Decline
1. Trump's Tariff Threats
On May 23, 2025, President Donald Trump announced potential new tariffs, including a 25% tariff on iPhones manufactured outside the U.S. and a 50% tariff on European Union goods starting June 1. These announcements rattled both crypto and traditional markets, leading to a notable decline in Bitcoin and other cryptocurrencies.
2. Profit-Taking After Recent Highs
Bitcoin recently reached an all-time high of $112,000. This surge prompted many investors to sell and secure profits, leading to a wave of selling pressure that brought prices down.
3. Market Liquidations and Altcoin Underperformance
The market has seen drops across the board, with liquidations pushing prices down. The Altseason Index remains low, indicating that altcoins are underperforming compared to Bitcoin.
4. Macroeconomic Concerns
Investors are cautious ahead of upcoming U.S. inflation data, reflecting broader global economic concerns. This anticipation has contributed to the decline in cryptocurrency prices.
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