Lê Chế Linh
@chilinh
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639 Followers
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As of June 7, 2025, Bitcoin (BTC) is trading at approximately $105,585, reflecting a modest increase of 0.5% over the past 24 hours. Despite this uptick, BTC remains below its all-time high of $111,332.88 recorded on May 23, 2025 .
The cryptocurrency market recently experienced significant volatility, with nearly $384 million in liquidations across major assets, including Bitcoin and Ethereum. This turbulence was largely attributed to overleveraged positions and a brief price glitch on the MEXC exchange, where Bitcoin's price momentarily dropped to zero, triggering a wave of long position liquidations .
Analysts are closely monitoring Bitcoin's performance as it approaches a key resistance zone between $73,800 and $74,200. A breakout above this range could signal a potential upward trend, while failure to surpass it may indicate continued consolidation . 0 reply
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Crypto Market Update – May 31, 2025
The cryptocurrency market experienced a notable downturn today, with Bitcoin (BTC) dropping below $104,000, triggering over $600 million in liquidations—the most significant since February. Altcoins also suffered, as Dogecoin fell by 8% and PEPE by 12%, influenced by renewed U.S.-China tariff tensions and large-scale Bitcoin sell-offs.
Despite the market slump, Bitcoin had previously reached an all-time high above $111,000 earlier in May.
Overall, the crypto market is navigating a period of volatility, influenced by regulatory shifts, geopolitical tensions, and evolving investor sentiment. 1 reply
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On May 29, 2025, the cryptocurrency market experienced mixed movements, with Bitcoin (BTC) facing resistance and Ethereum (ETH) showing strength.
Bitcoin's price dipped to $107,733, marking a 1.19% decrease over the past 24 hours. Despite this decline, institutional interest remains robust, as evidenced by $432.7 million in ETF inflows the previous day
Ethereum outperformed, rising 3.14% to $2,724. This surge is attributed to growing investor confidence and positive market sentiment .
In other developments, Bitget announced the listing of Ripple USD (RLUSD), a USD-backed stablecoin issued by Ripple, on its spot trading platform. This move aims to cater to the increasing demand for secure and compliant digital assets among institutional participants .
FX Leaders
Overall, while Bitcoin faces short-term challenges, the broader crypto market shows signs of resilience and growth, driven by institutional investments and innovative developments. 0 reply
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In Q2 2025, the crypto market is expected to maintain a positive trend, driven by macroeconomic stability and growing institutional interest. Bitcoin could continue its upward momentum if it breaks the key resistance level around $75,000. Ethereum and altcoins like Solana and Avalanche may also see strong recoveries if DeFi and NFT activity picks up.
The effects of the Bitcoin halving from Q1 will likely become more evident, helping reduce supply and support prices. Additionally, spot Bitcoin ETFs continue to attract fresh capital, particularly from the U.S. and Europe.
However, regulatory risks and global economic uncertainty remain key challenges. Investors should closely monitor developments from regulators like the SEC, as well as central banks’ interest rate policies.
Overall, Q2 presents solid growth potential for the crypto market, but a cautious investment approach and sound risk management are essential. 0 reply
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