#MarketPullback
As of June 6, 2025, the cryptocurrency market is experiencing a significant pullback. Bitcoin (BTC) has declined by approximately 3%, trading around $101,995 . Ethereum (ETH) has also seen a drop of about 7.6%, now at $2,422.75 .
This downturn is attributed to a combination of factors, including profit-taking by investors after recent highs, overbought market conditions, and macroeconomic uncertainties such as President Trump's announcement of increased import tariffs on major economies . Additionally, the Federal Reserve's cautious approach to interest rate cuts has contributed to market volatility .
Despite the current dip, some analysts view this as a tactical retreat rather than a fundamental trend reversal, citing the market's historical resilience and ongoing institutional interest in cryptocurrencies .
