Bitcoin Price Today: BTC Struggles Below $106K Amid Market Volatility and Macroeconomic Uncertainty

Bitcoin Price Today – Bitcoin Slips Below $105K — Is a Bigger Crash Coming?

Bitcoin Price Today – On May 30, 2025, the price of Bitcoin briefly fell below the psychologically important $105,000 level, underscoring the current volatility in the cryptocurrency market. According to real-time data from CoinMarketCap, Bitcoin (BTC) was trading at $105,795.12 at the time of writing—down 1.90% in the past 24 hours and 3.8% lower than its recent all-time high of $110,000.

Despite the recovery above $105K, Bitcoin’s market capitalisation fell by 1.92%, settling at approximately $2.1 trillion. Meanwhile, the 24-hour trading volume surged 16.28%, reaching $58.84 billion, indicating an intensified sell-off across the markets.

Ethereum and Altcoins Follow Bitcoin’s Downtrend

Ethereum (ETH) also saw a sharp decline, though it managed to hold above the $2,600 psychological threshold. As of today, Ethereum is priced at $2,621.35, marking a 3.94% drop in the last 24 hours. Its market cap now stands at $316.46 billion, reflecting a 3.9% contraction.

Among altcoins, notable top gainers include DeXe (DEXE), which rose over 14%, and SPX6900, up by more than 3%. On the flip side, Uniswap (UNI) led the top losers, falling by 14%, followed by Optimism (OP) at 13.33%, and Arbitrum (ARB) and Pudgy Penguins (PENGU), each declining 13%. Pepe (PEPE) and Pyth Network (PYTH) both dropped by more than 11%.

Crypto Market Cap Drops Amid Broader Sell-Off

The broader crypto market experienced a 2.43% decline, bringing the total market capitalisation down to $3.35 trillion, according to Delta Exchange. In contrast, 24-hour trading volume surged to $184.7 billion, suggesting increased investor activity amid price drops.

Data from CoinDCX Research revealed that more than $345 million has been liquidated in the past few hours alone. The report suggests that “bulls remain passive,” reflecting waning confidence or a wait-and-see approach amid wider market uncertainty.

Macroeconomic Factors Adding to Market Pressure

According to Riya Sehgal, Research Analyst at Delta Exchange, recent market movements are being heavily influenced by macroeconomic concerns. These include stalled US–China trade talks, a US court decision to block tariffs, and disappointing US economic indicators. Notably, Q1 2025 GDP contracted by 0.2%, and jobless claims came in higher than expected.

Sehgal noted that Bitcoin briefly hit a 9-day low of $104,725, trading below its 50-day and 200-day Simple Moving Averages (SMAs)—a bearish technical signal unless BTC breaks above key resistance levels.

Institutional Investment Remains a Bullish Underpinning

Despite the downtrend, institutional interest in Bitcoin ETFs has remained strong. Sehgal highlighted a record $6.22 billion inflow into the iShares Bitcoin Trust ETF during May. Supporting this view, Edul Patel, CEO and co-founder of Mudrex, stated that “institutional confidence remains strong,” pointing to $432 million in inflows to spot Bitcoin ETFs, which have helped cushion BTC from a steeper decline.

Patel added that “Bitcoin is consolidating amid geopolitical and macroeconomic uncertainty,” especially with renewed concerns about a potential US–China trade war.

Key Price Levels to Watch

According to market analysts, Bitcoin needs to reclaim the $108,000 level to gain sustainable upward momentum. Without a clear breakout, there’s a risk that BTC could retest support around $103,700. While near-term sentiment remains cautious, trading volumes and institutional inflows suggest that long-term interest in Bitcoin and crypto assets remains resilient.

Conclusion

Today’s crypto market update paints a picture of heightened volatility, driven by both technical factors and macroeconomic headwinds. While Bitcoin and Ethereum are seeing pullbacks, the market’s long-term outlook is supported by persistent institutional demand and growing ETF participation.

Investors and market watchers are advised to closely monitor macro developments, key resistance and support levels, and ETF flow trends as the market navigates through its current phase of uncertainty.

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Cryptocurrencies and stocks, particularly in micro-cap companies, are subject to significant volatility and risk. Please conduct thorough research before making any investment decisions.