The re-emergence of trade tensions between the US and China has caused serious selling pressure in cryptocurrency markets. As of May 31, 2025, #bitcoin (#BTC ) lost more than 2% of its value, falling below $104,000. $BTC fell to $103,600 during Asian trading hours. Ethereum (ETH) lost about 4%, while altcoins such as Ripple (XRP), BNB Chain (BNB), Cardano (ADA), and Solana (SOL) fell between 2% and 5%.
Among the main reasons for this decline:
US President Donald Trump accusing China of violating the trade agreement and increasing tariffs on steel and aluminum products to 50%.
Increasing expectations that the US Federal Reserve (Fed) will not cut interest rates have led investors to move away from risky assets.
Given the volatility of cryptocurrency markets, such geopolitical developments can cause sudden fluctuations in prices. In the coming period, developments in US-China relations and the Fed's interest rate policies will play an important role in determining the direction of cryptocurrency markets.
