The crypto market is currently experiencing a dip due to a mix of regulatory uncertainty, geopolitical tensions, and profit-taking by investors:
1. Regulatory pressure: The U.S. Senate recently passed the GENIUS Act, which introduces new rules for stablecoins like USDT and USDC.
2. Geopolitical tensions: Heightened conflict in the Middle East—particularly Israel’s strike on Iran—has rattled global markets.
3. Profit-taking after highs: Bitcoin recently hit a record high of $111,970.
4. Market seasonality: Historically, June tends to be a weak month for crypto.
5. Options expiry and liquidations: Over $3.7 billion in Bitcoin and Ethereum options just expired, which often leads to sharp price swings. Nearly $1 billion in long positions were liquidated in 24 hours
