🚨BREAKING NEWS OF THE DAY🚨
Today, the cryptocurrency market recorded a slight correction after a period of rapid increase:
1. Bitcoin slightly declines due to profit-taking
According to Crypto Times, the price of Bitcoin (BTC) has dropped to around 106,500 USD on May 29, 2025, the lowest level in the past 7 days, mainly due to investors taking profits after a strong recent surge.
2. Bitcoin remains below a key resistance level
RT News reported that although BTC once reached 110,407 USD during the session, the price could not hold above the 110,000 USD mark and is currently moving sideways in the range of 108,200–110,400 USD, signaling a short-term accumulation phase.
3. Ethereum and some strong altcoins
While Bitcoin is correcting, Ethereum (ETH) and XRP continue to maintain their upward momentum thanks to institutional inflows and positive news about the protocol. According to CoinDesk, ETH shows signs of breaking out after staying above 2,600 USD for 20 consecutive days, indicating the potential to establish a new upward trend.
4. On-chain data shows profit-taking by "small fish"
Analysis from Blockchain.news indicates that the 24-hour trading volume of BTC has decreased to ~25.4 billion USD (compared to 27.7 billion USD the previous day), and the number of addresses holding over 1 BTC has decreased by 4.2%, implying that retail investors are taking profits.
Conclusion:
Today's news shows that the market is entering a sideways and corrective phase after a record price increase. Capital is tending to shift towards altcoins with positive macro or technical stories, while Bitcoin temporarily needs to hold the support area around 105,000–106,000 USD to avoid deeper correction waves. Investors should consider risk management, taking partial profits, and closely monitoring key support and resistance levels.
$BTC coming soon