2 Jun 2025, Mon

The price of the world’s most popular cryptocurrency bitcoin was recorded sharply on Friday, 30 May 2025. The reason for this is the increasing uncertainty about the tariff policy of US President Donald Trump.

The price of bitcoin has come down to $ 1,04,684.72, which is the lowest level in the last one week. Whereas last week it reached its all -time high 1,11,970.17 $.

The court’s inverter and market stir

Actually, on Thursday, a Federal Appellate Court of America temporarily implemented Trump’s tariff policy. A day before this, the US Trade Court had declared them illegal, calling them out of the President’s boundaries and ordered to be stopped immediately. This legal phataka created fear among crypto investors, due to which the price of bitcoin was seen to fall.

Current status and market data

Bitcoin was trading at $ 1,06,061.71 at 10:23 am on Friday, which is a decline of 1.29 percent in the last 24 hours. During this period, the price of bitcoin was within the range of $ 1,04,684.72 to $ 1,08,910.05. At the same time, the 24 -hour trading volume stood at $ 56.77 billion. Whereas, the total market capitation was 2.1 trillion dollars. Bitcoin is still trading down 5.38 percent from its highest level.

What do experts have to say?

Speaking to business standard, CEO Vikram Subburaj of Giottus Crypto Platform says that new concerns about tariffs have weakened bitcoin. They said, "Even though companies like NVIDIA have given strong results, the US market remained weak. The four -hour chart of bitcoin is indicating a possible decline. It can soon go up to a level of $ 1,00,000."

Mudrex co-founder and CEO Edul Patel also talked to business standard, believing that Bitcoin is currently consolidating around $ 1,06,000. He says that the concerns of the US-China trade war, rising unemployment rate and 0.2 per cent decline in GDP have increased the vigilance in the market.

ethereum and altcoins also under pressure

Like bitcoin, Etreum (Eth) also saw weakness and was trading at $ 2,637.83 with a decline of 3.34 per cent. It continued to fluctuate between $ 2,564.87 to $ 2,743.57 in 24 hours. Apart from this, other major altcoins were also seen to fall.

Cardano (ADA): -5.12 percent

Solana (SOL): -3.63 %

Hyperlique (Hype): -3.15 %

Ripple (XRP): -2.67 percent

Binance Coin (BNB): -1.38 percent

What advice for investors?

At present, there is an atmosphere of uncertainty in the crypto market. The legal screw that is stuck on Trump’s policies, it seems to have a direct impact on the crypto. Along with this, America’s economic condition is also affecting the market.

This may be a chance for long -term investors, but they should take decisions keeping in mind the instability and risk of the market. At the same time, investors expecting the short term may have to wait a little longer.

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