Dear ones, the reasons for the current downturn in the cryptocurrency market:
As of June 6, 2025, the cryptocurrency market is experiencing a significant decline. Bitcoin has fallen to around $102,868, while Ethereum is trading at approximately $2,460.
Key factors behind the decline:
Profit-taking: After reaching an all-time high of $111,814 in May, Bitcoin experienced a pullback as investors took profits.
Macroeconomic concerns: Due to broader economic uncertainty, including upcoming U.S. employment data and potential interest rate changes, investor caution has increased.
Market liquidation: A significant amount of liquidation occurred, with over $314 million in BTC and ETH positions being closed, creating downward pressure.
