🚨📉 Crypto Market Downturn – May 31, 2025
🔍 Top News:
SEC drops lawsuit against Binance, indicating a shift in U.S. crypto regulations.
Bitcoin (BTC) falls below $104,000, down over 2% in the last 24 hours.
Ethereum (ETH) dips below $2,500, marking a 4.16% decrease in 24 hours.
Dogecoin (DOGE) and Pepe (PEPE) experience significant losses, dropping 8% and 12% respectively.
📊 Market Analysis:
Bitcoin: Critical support lies between $100,000–$102,000. A weekly close below $104,500 could indicate a deeper correction.
Ethereum: Whale activity and on-chain signals suggest potential further correction.
BNB: Despite positive SEC news, the token fell 4% due to global trade tensions.
💡 Investment Suggestion:
Bitcoin: Consider accumulating between $100,000–$102,000, with a stop-loss at $98,000. Medium-term target: $110,000.
Ethereum: Entry below $2,500, targeting $2,800 with a stop-loss at $2,350.
❓ Questions for the Community:
Do you think the crypto market will continue to decline, or is a rebound imminent?
What strategies are you adopting during this period of volatility?