Currently, the cryptocurrency market is experiencing notable volatility due to several factors, including geopolitical tensions and economic events. Here are the key points regarding the current situation:

### 1. **Price Decline**

- **Bitcoin** (BTC) has decreased by 2.7% to around $104,694, after it had approached the level of $111,814 earlier in the month.

- **Ethereum** (ETH) experienced a larger decline of 7.9%, dropping to about $2,529.

### 2. **Geopolitical Tensions**

- Tensions in the Middle East have escalated, with Israel conducting air strikes on Iran, impacting investor sentiment in the financial markets in general, including the cryptocurrency market.

### 3. **Launch of New Tokens**

- Tokens worth $450 million are expected to launch in June 2025, which may increase market volatility. The affected projects include Sui, LayerZero, and Aptos, as this launch may lead to selling pressure on prices.

### 4. **Market Condition**

- The market is currently in a state of fear, with investor sentiment significantly declining. Technical analysis shows that Bitcoin may be in a short-term correction phase, with the potential formation of a double top on the chart.

### 5. **Trading Volume**

- The total trading volume in the market reached approximately $168 billion, the highest level in recent days, indicating notable activity despite the price declines.