
ToT882k
@tot882k
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On May 30, 2025, Bitcoin's price experienced a decline of approximately 1.64%, closing at $105,745.40, down from $107,838.20 the previous day
Reasons Behind the Price Drop
Profit-Taking After Recent Highs: Bitcoin had recently reached an all-time high of $111,970 on May 22, 2025 . The subsequent decline suggests that investors were likely engaging in profit-taking, a common behavior following significant price surges.
Weakened Bullish Momentum: Analysts observed a fading bullish momentum, indicating a potential correction phase. This shift raised the possibility of Bitcoin testing lower support levels, such as the $100,000 mark .
Investor Caution Amid Global Economic Uncertainty: The price drop coincided with the Bitcoin Conference 2025, during which Bitcoin's price fell by 2.2%, trading around $107,800. Analysts attributed this decline to investor caution amid global economic uncertainty and anticipation of corporate earnings, particularly from major companies like Nvidia . 0 reply
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On May 30, 2025, Bitcoin's price experienced a decline of approximately 1.64%, closing at $105,745.40, down from $107,838.20 the previous day
Reasons Behind the Price Drop
Profit-Taking After Recent Highs: Bitcoin had recently reached an all-time high of $111,970 on May 22, 2025 . The subsequent decline suggests that investors were likely engaging in profit-taking, a common behavior following significant price surges.
Weakened Bullish Momentum: Analysts observed a fading bullish momentum, indicating a potential correction phase. This shift raised the possibility of Bitcoin testing lower support levels, such as the $100,000 mark .
Investor Caution Amid Global Economic Uncertainty: The price drop coincided with the Bitcoin Conference 2025, during which Bitcoin's price fell by 2.2%, trading around $107,800. Analysts attributed this decline to investor caution amid global economic uncertainty and anticipation of corporate earnings, particularly from major companies like Nvidia . 0 reply
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