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 .