Today: May 31, 2025

Bitcoin dips to 9-day low amid global trade concerns and market volatility

1 day ago


Bitcoin has slipped to a 9-day low, trading at around $105,727 on Friday, reigniting concerns over volatility in the crypto space. As macroeconomic uncertainties like stalled US-China trade talks and a US court blocking tariffs and policy shifts weigh on sentiment, seasoned investors see this pullback as part of the market’s natural rhythm, not a warning sign. Alongside, Ethereum and altcoins like Cardano and Dogecoin also saw declines.

The crypto market is also experiencing increased volatility, with a 2.43 per cent drop in market cap to $3.35 trillion and a rise in 24-hour volume to $184.7 billion amid $725 million in liquidations, pointed out Riya Sehgal, Research Analyst, Delta Exchange.

Recent surge

“Following a recent surge to a historic high of $111,000, a short-term correction was widely anticipated. Seasoned investors recognise these phases as the market’s natural rhythm—driven by profit-taking, macroeconomic uncertainties, and temporary sentiment shifts. From US trade policy shakeups to whispers of regulatory tightening, global cues have nudged crypto markets into cautious mode,” explained Sathvik Vishwanath, Co-founder and CEO of Unocoin.

Historically, Bitcoin has followed a pattern of sharp surges followed by cooling-off periods before making new highs, he added. However, long-term holders remaining unfazed, and exchange reserves continuing to shrink is a sign that institutional players are holding strong. For Bitcoin, this could be a reflective dip before renewed momentum.

Ashish Singhal, Co-founder, of CoinSwitch stated, “Market movements like these are a part of the crypto industry. Bitcoin dipping to a 9-day low isn’t surprising, especially after the kind of strong rally in recent weeks. Global factors like the renewed tariff concerns—especially after the U.S. court brought back some trade barriers—may have shaken investor confidence, leading to this broader market correction. However, it’s important to look beyond the short-term noise and stay focused on the long-term fundamentals. We’re still seeing strong interest and steady inflows from retail investors in India.”

Keep exploring EU Venture Capital:  Canadians look for new global trade partners in face of U.S. tariffs

Published on May 30, 2025



Source link

EU Venture Capital

EU Venture Capital is a premier platform providing in-depth insights, funding opportunities, and market analysis for the European startup ecosystem. Wholly owned by EU Startup News, it connects entrepreneurs, investors, and industry professionals with the latest trends, expert resources, and exclusive reports in venture capital.

Leave a Reply

Your email address will not be published.

Don't Miss

CNBC-TV18 Prime brings global business news to global Indians

CNBC-TV18 has announced the launch of its newest offering, CNBC-TV18 Prime, a

CNBC-TV18 launches ‘CNBC-TV18 Prime’ channel to deliver global business news with an Indian lens

New Delhi: CNBC TV18 has launched a new channel, CNBC-TV18 Prime, aimed