The cryptocurrency market experienced a slight downturn today, with Bitcoin (BTC) briefly dipping below the $109,000 mark after a record-high surge on May 22. This decline, attributed to profit-taking and tariffs imposed by former President Trump on the European Union, underscores Bitcoin’s volatility while highlighting its position as a leading asset with a market cap exceeding $2.2 trillion. Despite the uncertainty, overall market sentiment remains cautiously optimistic, fueled by Bitcoin’s resilience and a surge in global crypto market capitalization, which surpassed $3.5 trillion recently. However, a notable $562 million liquidation triggered by tariff concerns has introduced new unpredictability and dampened bullish optimism. As of writing, Bitcoin trades near $108,868, down 2.45% over the past 24 hours. It experienced a significant drop from its daily high of $111,881 to as low as $108,092 according to CoinMarketCap data. Bitcoin’s dip has spurred mixed results among altcoins. Ethereum (ETH) has seen a 4% decrease to $2,532, while XRP dropped 3%. Other altcoins like BNB ($668) and Solana ($179) remain relatively stable, with Dogecoin ($0.2342) showing resilience despite the market fluctuations. Meanwhile, CoinMarketCap data reveals a global crypto market cap of $3.43 trillion as of today, with a 24-hour trading volume exceeding $171.3 billion.