The global cryptocurrency market saw a slight dip on May 31st, 2025, with the market cap now at $3.24 trillion. The past day’s trading brought about a decline of 2.58%. Bitcoin (BTC) experienced a fluctuation ranging from $103,069 to $106,000 in the past 24 hours and currently trades around $103,497, down by -1.68%. A majority of prominent cryptocurrencies saw a decline in value. BIFI, SLF, and FARM performed notably well, increasing by 41%, 19%, and 11% respectively. Top market stories include record-low Bitcoin exchange reserves driven by the rise of non-custodial storage solutions. EU and US negotiations aim for resolution by July with ongoing talks impacting trade policies. Mega Matrix Inc. recently adopted Bitcoin and Ethereum as their reserve assets, while Meta Platforms shareholders rejected a proposal for a Bitcoin financial assessment. A notable increase in Bitcoin mining difficulty (4.38%) has been observed. The Altcoin Season Index dipped to 16%, reflecting broader market trends. Additionally, the Trump administration announced an increase in steel import tariffs to 50%. REX shares submitted a prospectus for Solana and Ethereum staking ETFs. Lastly, the potential impact of institutional demand on Bitcoin’s supply chain is being discussed. Meanwhile, Elon Musk has been invited to join President Donald Trump’s advisory team.