At time of writing, the token was at $ 105,795.12, Down 1.90 per cent compared to the previous day, and below the recent all-time highs of $ 1,10,000 Seen Last Week. Further, Market Capitalization of Bitcoin is also down 1.92 per cent to $ 2.1 trillion, while trade volume has increased 16.28 per cent in sell-off to $ 58.84 billion Worth, According to DATAN Coinmarketcap.
Crypto Markets Update: Top Gainers and Losers
At $ 2,621.35, Down 3.94 per cent from the previous day, Ethereum Shed 3.90 per cent market cap to $ 316.46 billion. It has howyver remained Above the $ 2,600 psychological level.
Coindcx Reserach Noted That The Top Gainers Include Dexe Dexe With Over A 14 per cent Rise, Followed by Spx6900 with Over A 3 per cent Increase. And top losers are uniswap, which plunged 14 per cent; Optimism, by 13.33 per cent; Arbitrum & Pudgy Penguins, by 13 per cent Each; And pepe & pyth network, by over 11 per cent Each.
Experts say bulls are passive amid wider markets uncerty
According to the coindcx research team, Crypto Markets Continue to Plunge as Bulls Remain Passive. The Crypto Market drag has also negatively impacted other tokens such as XRP, Solana, Cardano, and Shiba Inu, etc. “With the latest price plunge, more than $ 345 Million has been liquidated from the markets in the past few hours,” it observed.
Further, Riya Sehgal, Research Analyst at Delta Exchange Noted, “The Crypto Market is Experiencing Increased Volativity, with a 2.43 per cent drop in market cap to $ 3.35 trillion and a rain Volume to $ 184.7 Billion AMID $ 725 Million in Liquidations. “
“Macroeconomic Uncertainty Persists, Driven By Stalled Us-China Trade Talks and a US Court Blocking Tarifs. Bitcoin rendently Hit A 9-DAY LOW Near $ 104,725, Trading BELOWOTS 50 and 200 Smas, Signaling Short-term Bearish Pressure Unless It Breaks Above Key Resistance Levels.
Edul Patel, Co-Founder and CEO of Mudrex Feels that bitcoin “is consolidating amidating amidating amopolitical uncertain, as stalled us-china trade talks brak trade War COR COR COR COR COR COR COR COR COR CORCE
“… Macroeconomic Pressurers Such as Higher-That-Expected US Jobless Claims and a 0.2 Percent GDP Contraction in Q1 2025 Have added to Short-Term Market Cuity,” Hey Added.
Sehgal however noted that Strong Institute Demand Persists, Highlighted by a record $ 6.22 billow into into the ishishares bitcoin trust etf in May.
And Patel Concurred, “Institutional Confidence Remains Strong, with $ 432 Million Flowing Into Spot Bitcoin ETFS, Helping in Price Recovery. Currently, Btc Need to Reclaim the $ 108,000 Levels for for Sustained Momentum. On the flipside, if we do not get follow-through buying, Bitcoin even the test the $ 103,700 Levels. “
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