Crypto Market Downturn (May 3, 2025)
Global uncertainty: Tariff tensions and trade-war fears have driven risk-off sentiment.
Regulatory ambiguity: Lack of clear crypto rules (even new SEC leadership is calling for clarity) is weighing on confidence.
Exchange issues: Binance briefly halted withdrawals amid an AWS outage; Bitget dealt with a trading system glitch; Coinbase suspended trading of a token amid a suspected dump.
Low volatility: Bitcoin and major altcoins are trading in narrow ranges, leaving traders cautious.
