๐ #CryptoMarket Update โ May 31, 2025
The market continues its downward trend amid ongoing geopolitical tensions and macroeconomic uncertainties.
๐ Market Snapshot:
#Bitcoin ($BTC ): $103,686 (-2.3%)
#Ethereum ($ETH ): $2,517 (-4.7%)
#Dogecoin ($DOGE ): $0.189 (-8.8%)
Total Market Cap: Approximately $3.3T
๐งจ Key Factors:
Geopolitical Tensions: Renewed trade disputes between major economies are unsettling markets.
Liquidations: Over $683M in leveraged positions liquidated, intensifying the sell-off.
Regulatory Concerns: Anticipation of stricter regulations and potential interest rate hikes are adding to investor anxiety.
The Times of India
๐ Technical Levels to Watch:
BTC: Support at $103K; resistance at $108K
ETH: Support at $2.5K; resistance at $2.6K
DOGE: Support at $0.18; resistance at $0.20
๐ค What's Your Strategy?
โ Buying the dip
โณ Waiting for stabilization
๐ Staying out for now
Share your thoughts below!
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