#CryptoRegulation Bitcoin drops below 102K $ — ETH, SOL, DOGE drop as well! What is happening and what’s next?

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BLOOD BATH IN THE MARKETS (starting May 15, 2025):

Here’s how the main assets are performing:

Bitcoin ($BTC)

Price: $101,946

Recent high: ~$105,000

Change: -1.23% (-$1,275)

Ethereum ($ETH)

Price: $2,548.30

Change: -2.08% (-$54.13)

Solana ($SOL)

Price: $171.40

Change: -3.88% (-$6.92)

Binance Coin ($BNB)

Price: $650.98

Change: -0.34% (-$2.22)

Dogecoin ($DOGE)

Price: $0.2267

Change: -3.4% (-$0.008)

> Data from Holder.io & Financial Express

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WHY DID THE DROP OCCUR?

Here are the main triggers behind the sharp market decline:

1. Profit-taking at resistance:

Bitcoin reached $105K, triggering massive sell-offs and liquidations.

2. Inflation concerns:

Anticipation of CPI data worried traders about delays in rate cuts.

3. Geopolitical tensions:

Proposed tariffs by Trump on China + fears related to global trade = panic selling.

4. Over-leveraged positions wiped out:

A cascade of margin calls led to the disappearance of $500 billion from market value.

5. Regulatory concerns:

The US Senate's refusal to pass stablecoin legislation spooked investors.