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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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