Amid bullish outlook, Bitcoin $BTC experienced a slight dip today, trading at approximately $106,870, down nearly 4% from its recent peak above $111,000. Despite this pullback, market analysts remain optimistic, citing strong institutional demand and macroeconomic tailwinds as key drivers.
The overall market sentiment remains cautiously optimistic, with the Fear & Greed Index at 73 (Greed), indicating strong investor confidence despite today’s declines. Meanwhile social sentiment on X highlights mixed signals, with Bitcoin’s dip contrasted by XRP’s relative stability and ETH/BTC ratio dynamics suggesting altcoin strength.
Bitcoin pushes back after marking all-time high
Bitcoin recently surged to the all-time high price mark of $111,970 earlier this week, fueled by spot ETF inflows of $2.2 billion over the past 10 trading sessions and growing retail investor interest. Noting this sentiment, experts suggest this dip may be a healthy correction after a rapid rally.
At the time of writing, Bitcoin is trading near $107,237—down 1.82% in the past 24 hours. Over the weekend, its trading volume has also decreased significantly, currently down 32% in the past 24 hours—as per CoinMarketCap data.
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1. Trump's Tariff Threats On May 23, 2025, President Donald Trump announced potential new tariffs, including a 25% tariff on iPhones manufactured outside the U.S. and a 50% tariff on European Union goods starting June 1. These announcements rattled both crypto and traditional markets, leading to a notable decline in Bitcoin and other cryptocurrencies.
2. Profit-Taking After Recent Highs Bitcoin recently reached an all-time high of $112,000. This surge prompted many investors to sell and secure profits, leading to a wave of selling pressure that brought prices down.
3. Market Liquidations and Altcoin Underperformance The market has seen drops across the board, with liquidations pushing prices down. The Altseason Index remains low, indicating that altcoins are underperforming compared to Bitcoin.
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