🚨 Crypto Market Turmoil – May 31, 2025

$226M Liquidated in 1 Hour: A massive wave of liquidations wiped out over $226 million in just one hour, impacting both long and short positions.

Bitcoin Dips Below $104K: Bitcoin's price fell over 2%, trading just above $103,600, while Ethereum saw a decline of nearly 4%.

XRP Drops to $2.14: XRP is trading at $2.14, marking a 4% decline over the past 24 hours.

BlackRock's Record ETF Outflows: BlackRock posts its largest spot Bitcoin ETF outflow day ever.

Coinbase Faces Cyberattack: Coinbase warns of up to $400 million hit from a cyberattack that breached account data of a "small subset" of its customers.

Trump's Strategic Bitcoin Reserve: President Trump signs an executive order establishing a Strategic Bitcoin Reserve and U.S. Digital Asset Stockpile.

Crypto Kidnapping in NYC: Two individuals face kidnapping charges in an alleged bitcoin theft attempt in New York.