Crypto Market Drops: Trade Tussle & Technical Issues Drive Decline

Bitcoin’s price took a dip on May 29th as geopolitical tensions and market sentiment played their roles in the crypto downturn. U.S.-China trade worries reignited fears of global risk-off, impacting cryptocurrency markets across the board. Bitcoin experienced a notable decline, shedding over 2% as investors reacted to the stall in trade negotiations between China and the U.S. While the market saw significant drops across the board, the trading volume remained high despite this negative outlook.