Most of people are still confused that what's going on around?
Why market going down?
So I am here with a post which surely will answer the confusion of many traders..
The most important factor in decline is the political and war situation in USA and Russia-Ukraine..
Conflict between Trump and Elon Musk..
These things took the traders, whales in panic and fear to loss so most of people are booking profits and selling pressure is increasing..these are as such sentiments..
Moreover, another few technical factors also another reason which are as follow..
As of June 5, 2025, the cryptocurrency market is experiencing a modest downturn, with Bitcoin (BTC) trading around $104,572, reflecting a slight decline of approximately 0.79% over the past 24 hours.
Several factors are contributing to this dip:
1. Profit-Taking by Large Holders: Significant Bitcoin holders, often referred to as "whales," are engaging in profit-taking activities. This selling pressure has led to Bitcoin briefly dipping below the $105,000 mark earlier today.
2. Decline in Trading Volume: The global cryptocurrency market cap stands at approximately $2.07 trillion, with a 24-hour trading volume of $44.62 billion, marking a 6.27% decrease. This reduction in trading activity can amplify price volatility.
3. Broader Market Sentiment: Despite the current pullback, overall market sentiment remains cautiously optimistic. The Crypto Fear and Greed Index reads 57, indicating a "Greed" sentiment, which suggests continued investor confidence.
It's important to note that while short-term fluctuations are common, the long-term outlook for cryptocurrencies like Bitcoin remains influenced by various factors, including institutional adoption and macroeconomic indicators.
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