📉 Market Update – May 31, 2025
The cryptocurrency market is experiencing a notable correction today, with major assets like Bitcoin (BTC) and Ethereum (ETH) facing downward pressure.
Bitcoin (BTC)
Current Price: $104,788
24h Change: -0.81%
Intraday Range: $103,289 – $105,701
BTC has dipped below the $105,000 mark, influenced by increased selling pressure and recent ETF outflows. Technical indicators suggest potential further declines unless strong support is found around the $101,000 zone.
Ethereum (ETH)
Current Price: $2,544.27
24h Change: -2.39%
Intraday Range: $2,494.41 – $2,606.52
ETH has fallen below the $2,600 level, reflecting broader market trends and investor caution. Despite the dip, institutional interest remains, with significant investments indicating long-term confidence in Ethereum's potential.
General Market Sentiment
The overall market sentiment is cautious, with traders closely monitoring macroeconomic factors and technical indicators. The recent price movements highlight the importance of risk management and staying informed about market dynamics.
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