Bitcoin Price Drops Below $105,000 Amid Market Volatility

Bitcoin experienced a significant dip on May 30, 2025, trading below $105,000 for the first time in nine days. While this drop has impacted market sentiment, it’s important to note that institutional interest remains strong despite the decline. This is evident through recent US Bitcoin ETF inflows, which reached $6.22 billion in May 2025. Analysts attribute this price movement to temporary corrections rather than a fundamental change in the market, as Bitcoin’s overall trajectory remains upward. Relatedly, XRP also experienced a drop below its 200-day moving average, showcasing shared pressure within the digital asset sphere. As the market dynamics unfold, some predict potential testing of the $100,000 barrier, but most analysts believe this is a phase of consolidation.