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Bitcoin Price Falls Below $105K Amid Rising Macroeconomic Uncertainty

news0725 2025. 5. 31. 08:02



Bitcoin Dips Below $105K After Record Highs

Bitcoin (BTC), the leading cryptocurrency, has fallen below the $105,000 mark for the first time in 11 days. After approaching an all-time high near $120,000 on May 22, BTC is now undergoing a prolonged correction. As of 5:30 PM EST on May 30, Bitcoin was trading at $104,834, down 1.41% from the previous day, according to data from Coinbase.

The current price represents a drop of over $7,000 from its recent peak of $119,900. In intraday trading, Bitcoin briefly fell to as low as $103,800.

Macroeconomic Factors Driving the Decline

According to Cointelegraph, the recent dip is closely tied to macroeconomic uncertainty and escalating global trade tensions. The likelihood of Bitcoin retesting its record highs is diminishing as market conditions remain volatile.

Notably, Bitcoin’s price has been moving in tandem with U.S. Treasury yields in recent weeks. The 10-year U.S. Treasury yield, which peaked at 4.60% on May 22, declined to 4.40% on May 30. This downward movement in yields has coincided with Bitcoin’s slide below the $105K level.

Risk-Off Sentiment Prevails in Global Markets

The ongoing U.S. economic uncertainty and the resurgence of trade wars, particularly under former President Trump's renewed policies, are pushing investors toward safer assets like government bonds. As a result, high-risk assets such as cryptocurrencies are facing pressure.

“Bitcoin’s recent weakness is likely driven by macroeconomic factors,” Cointelegraph noted. “Trade tensions are making investors more risk-averse.”

Institutional Investors Remain Optimistic

Despite the price drop, professional investors appear cautiously optimistic. According to futures data, the Bitcoin futures premium remains at around 7%, a level similar to when BTC was trading near $110,000 on May 27. This indicates that institutional sentiment has not significantly deteriorated.

Altcoins Also Under Pressure

Major altcoins followed Bitcoin’s downward trend. At the same time:

  • Ethereum (ETH) fell 2.33% to $2,583
  • XRP dropped 3.35% to $2.19
  • Solana (SOL) declined 4.22% to $160
  • Dogecoin (DOGE) plunged 8.22% to $0.20

Conclusion: What’s Next for Bitcoin?

As global financial uncertainty continues, Bitcoin’s short-term outlook remains cautious. However, the stable futures premium suggests that long-term investor confidence has not completely eroded. All eyes are now on upcoming economic indicators and policy developments, which could signal the next big move for the crypto market.