The recent Bitcoin price rally to a new ATH fueled a crypto market rally, pulling digital assets out of the Trump tariff-influenced slump. The same cryptos are facing another turmoil today, losing a significant portion of their recovery amid investors’ sentiments due to the influence of various technical and macroeconomic factors. Is the bull market over? Let’s discuss. Bitcoin Price Crash Trimmers Affect Crypto Market After a 4% crash in Bitcoin price, hours earlier, it currently trades at $108.7k. Its decline from the recent ATH rally has impacted investors’ sentiments, fueling the crypto market crash today. This drop resulted in the wiping out of more than $600M in leveraged positions, per Coinglass, and the top altcoins like XRP, SOL, DOGE, and others declined at least 1-2%. Some even faced extreme volatilities and higher bearish pressures. Notably, this happened amid Trump’s 50% Tariff announcement on the EU, starting June 1, 2025…. Read More at Coingape.com

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Filed under: News - @ May 24, 2025 3:22 pm