Market overview – May 30, 2025
The crypto market entered the red zone ahead of the weekend, with most major coins posting noticeable declines:
$BTC $ETH $XRP
What triggered the drop?
U.S. economic data
Fresh reports from the U.S. showed higher-than-expected inflation and signs of slowing GDP growth. This spooked both traditional and crypto markets as fears of persistent high interest rates returned.
Pre-weekend liquidity drain
Fridays often see profit-taking and risk reduction. Combined with low momentum, this led to a wider selloff — especially in altcoins.
Lack of bullish catalysts
With no major positive news to offset the macro pressure, the market remained vulnerable. BTC couldn’t hold above the $108K mark, dragging down alts.
Quick Technical Take
BTC/USDT: Broke short-term support at $106.5K. Eyes on $103K-$104K zone as next support.
ETH/USDT: Rejected from $2,720, could retest $2,550-$2,500 support range.
Altcoins: Many are nearing oversold zones — short-term bounce possible, but caution advised.
What’s next?
Until macro data cools down or a bullish narrative emerges, expect volatility and potential further pressure. Risk management is key.
Have you adjusted your positions yet? Or buying the dip? Let’s discuss below.