Why Is Crypto Down Today? Market Loses $186B In 24 Hours
The entire cryptocurrency market lost $186 billion today from yesterday’s high. Meanwhile, the total market capitalization of all cryptocurrencies combined went down from $3.29 trillion to the current $3.21 trillion over the last 24 hours, signaling concerns that the new bull run could be dead on arrival.
Bitcoin is trading at $103,741—down by almost 2% over the last 24 hours. However, these losses are insignificant in comparison to the altcoin market. The market value of cryptocurrencies excluding bitcoin erased $80.4 billion over the last day, leading several well-known crypto assets to lose substantial amounts of value.
Meanwhile, Bitcoin Dominance—a.k.a. the metric that measures how much of the market is valued in $BTC — took a sharp turn upward. Yesterday, Bitcoin made up 63.66% of the market. Fast forward to today, that number jumped to the current 64.33%, signaling that investors are rotating back into bitcoin.
What Caused Today’s Drop
Today’s drop stems from not one, but several reasons as to why crypto is down. For starters, President Trump went after China today on Truth.Social—accusing the country of violating its trade agreement with the United States. Needless to say this rekindled all alarms of a trade war between the two largest economies in the world, sending crypto and all other financial sectors downward.
Adding fuel to the fire, the market was already under some pressure from a massive options expiration. On Wednesday, $12.1 billion worth of Bitcoin options and 301,000 ETH options worth $2.13 billion expired, forcing traders to reposition portfolios and triggering volatility.
Despite the latest PCE inflation data coming in clean, expectations for a rate cut at the June 18 FOMC meeting remain low, keeping investors cautious. The bond market is also under pressure, with rising yields signaling that even debt investors don’t expect rate cuts anytime soon.
Beyond these factors, some of today’s selling is likely profit-taking. Bitcoin has seen significant gains recently, and some large holders may be locking in profits. This trend probably gained even more weight after today’s news regarding the U.S. and China.
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Why Is Crypto Down Today? Market Loses $186B In 24 Hours
Why Is Crypto Down Today? Market Loses $186B In 24 Hours
By
Giovane
published: 31.05.2025
Last updated: 31.05.2025
SHARE
The entire cryptocurrency market lost $186 billion today from yesterday’s high. Meanwhile, the total market capitalization of all cryptocurrencies combined went down from $3.29 trillion to the current $3.21 trillion over the last 24 hours, signaling concerns that the new bull run could be dead on arrival.
Bitcoin is trading at $103,741—down by almost 2% over the last 24 hours. However, these losses are insignificant in comparison to the altcoin market. The market value of cryptocurrencies excluding bitcoin erased $80.4 billion over the last day, leading several well-known crypto assets to lose substantial amounts of value.
Meanwhile, Bitcoin Dominance—a.k.a. the metric that measures how much of the market is valued in $BTC — took a sharp turn upward. Yesterday, Bitcoin made up 63.66% of the market. Fast forward to today, that number jumped to the current 64.33%, signaling that investors are rotating back into bitcoin.
What Caused Today’s Drop
Today’s drop stems from not one, but several reasons as to why crypto is down. For starters, President Trump went after China today on Truth.Social—accusing the country of violating its trade agreement with the United States. Needless to say this rekindled all alarms of a trade war between the two largest economies in the world, sending crypto and all other financial sectors downward.
Adding fuel to the fire, the market was already under some pressure from a massive options expiration. On Wednesday, $12.1 billion worth of Bitcoin options and 301,000 ETH options worth $2.13 billion expired, forcing traders to reposition portfolios and triggering volatility.
Despite the latest PCE inflation data coming in clean, expectations for a rate cut at the June 18 FOMC meeting remain low, keeping investors cautious. The bond market is also under pressure, with rising yields signaling that even debt investors don’t expect rate cuts anytime soon.
Beyond these factors, some of today’s selling is likely profit-taking. Bitcoin has seen significant gains recently, and some large holders may be locking in profits. This trend probably gained even more weight after today’s news regarding the U.S. and China.
Altcoins Bleeding
with losses far outpacing Bitcoin’s dip as traders rushed to exit riskier positions. Solana, Ethereum, and XRP lost around 6% over the last 24 hours, while Arbitrum (ARB) and Optimism (OP) saw losses greater than 16% in the day.
Memecoins also took a major plunge—signaling that investors grew a lot more risk averse on this Friday. The Trump coin (TRUMP) lost over 11%, Pepe decreased its value by 13%. Meanwhile, Floki Inu, DogWifHat, Bonk, and Fartcoin saw even greater losses of up to 20% over the last 24 hours.
As it looks right now, today’s market drop wasn’t driven by a single factor—it was a combination of macroeconomic uncertainty, political tension, and traders taking profits after recent gains. On the bright side, next week we’ll have several developments that could revert that trend, so stay tuned to check out the news.
#TrumpTariffs
#MarketPullback
$BTC
Bitcoin is trading at $103,741—down by almost 2% over the last 24 hours. However, these losses are insignificant in comparison to the altcoin market. The market value of cryptocurrencies excluding bitcoin erased $80.4 billion over the last day, leading several well-known crypto assets to lose substantial amounts of value.
Meanwhile, Bitcoin Dominance—a.k.a. the metric that measures how much of the market is valued in $BTC — took a sharp turn upward. Yesterday, Bitcoin made up 63.66% of the market. Fast forward to today, that number jumped to the current 64.33%, signaling that investors are rotating back into bitcoin.
What Caused Today’s Drop
Today’s drop stems from not one, but several reasons as to why crypto is down. For starters, President Trump went after China today on Truth.Social—accusing the country of violating its trade agreement with the United States. Needless to say this rekindled all alarms of a trade war between the two largest economies in the world, sending crypto and all other financial sectors downward.
Adding fuel to the fire, the market was already under some pressure from a massive options expiration. On Wednesday, $12.1 billion worth of Bitcoin options and 301,000 ETH options worth $2.13 billion expired, forcing traders to reposition portfolios and triggering volatility.
Despite the latest PCE inflation data coming in clean, expectations for a rate cut at the June 18 FOMC meeting remain low, keeping investors cautious. The bond market is also under pressure, with rising yields signaling that even debt investors don’t expect rate cuts anytime soon.
Beyond these factors, some of today’s selling is likely profit-taking. Bitcoin has seen significant gains recently, and some large holders may be locking in profits. This trend probably gained even more weight after today’s news regarding the U.S. and China.
Altcoins Bleeding
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Price Prediction
Reviews
Learn
About Us
Glossary
Learn
Contact Us
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Why Is Crypto Down Today? Market Loses $186B In 24 Hours
Why Is Crypto Down Today? Market Loses $186B In 24 Hours
By
Giovane
published: 31.05.2025
Last updated: 31.05.2025
SHARE
The entire cryptocurrency market lost $186 billion today from yesterday’s high. Meanwhile, the total market capitalization of all cryptocurrencies combined went down from $3.29 trillion to the current $3.21 trillion over the last 24 hours, signaling concerns that the new bull run could be dead on arrival.
Bitcoin is trading at $103,741—down by almost 2% over the last 24 hours. However, these losses are insignificant in comparison to the altcoin market. The market value of cryptocurrencies excluding bitcoin erased $80.4 billion over the last day, leading several well-known crypto assets to lose substantial amounts of value.
Meanwhile, Bitcoin Dominance—a.k.a. the metric that measures how much of the market is valued in $BTC — took a sharp turn upward. Yesterday, Bitcoin made up 63.66% of the market. Fast forward to today, that number jumped to the current 64.33%, signaling that investors are rotating back into bitcoin.
What Caused Today’s Drop
Today’s drop stems from not one, but several reasons as to why crypto is down. For starters, President Trump went after China today on Truth.Social—accusing the country of violating its trade agreement with the United States. Needless to say this rekindled all alarms of a trade war between the two largest economies in the world, sending crypto and all other financial sectors downward.
Adding fuel to the fire, the market was already under some pressure from a massive options expiration. On Wednesday, $12.1 billion worth of Bitcoin options and 301,000 ETH options worth $2.13 billion expired, forcing traders to reposition portfolios and triggering volatility.
Despite the latest PCE inflation data coming in clean, expectations for a rate cut at the June 18 FOMC meeting remain low, keeping investors cautious. The bond market is also under pressure, with rising yields signaling that even debt investors don’t expect rate cuts anytime soon.
Beyond these factors, some of today’s selling is likely profit-taking. Bitcoin has seen significant gains recently, and some large holders may be locking in profits. This trend probably gained even more weight after today’s news regarding the U.S. and China.
Altcoins Bleeding
with losses far outpacing Bitcoin’s dip as traders rushed to exit riskier positions. Solana, Ethereum, and XRP lost around 6% over the last 24 hours, while Arbitrum (ARB) and Optimism (OP) saw losses greater than 16% in the day.
Memecoins also took a major plunge—signaling that investors grew a lot more risk averse on this Friday. The Trump coin (TRUMP) lost over 11%, Pepe decreased its value by 13%. Meanwhile, Floki Inu, DogWifHat, Bonk, and Fartcoin saw even greater losses of up to 20% over the last 24 hours.
As it looks right now, today’s market drop wasn’t driven by a single factor—it was a combination of macroeconomic uncertainty, political tension, and traders taking profits after recent gains. On the bright side, next week we’ll have several developments that could revert that trend, so stay tuned to check out the news.
#TrumpTariffs
#MarketPullback
$BTC
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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