Crypto Market Experiences Sharp Decline Amid Bitcoin Resistance
- Significant decline in crypto market; Bitcoin faces resistance.
- Market cap decreased to $3.55 trillion as of May 28, 2025.
- Altcoins underperform Bitcoin, leading to growing performance gap.
In late May 2025, the cryptocurrency market, notably Bitcoin, experienced a significant downturn, with Bitcoin struggling to surpass the $95,800 resistance level.
The market decline raises concerns regarding short-term performance, yet analysts affirm a bullish long-term outlook for Bitcoin.
Crypto Market Cap Drops to $3.55 Trillion
The cryptocurrency market witnessed a 2.2% decline in capitalization to $3.55 trillion as of May 28, 2025. Bitcoin encountered persistent resistance at $95,400-$95,800, hindering its progress toward $100,000.
Upcoming challenges for Bitcoin’s upward movement are compounded by altcoins’ lagging performance, which has not paralleled Bitcoin’s recent gains.
Investor Anxiety Amid Sharp Downturn
The sharp market downturn has generated anxiety among investors, with notable selling pressure emerging across major cryptocurrencies, impacting the broader market sentiment.
Market volatility contributed to contrasting performances, as traditional stock markets surged while crypto assets faltered, further intensifying investor concerns.
Bitcoin’s Long-Term Bullish Trend Highlighted
This market shift mirrors the 2024 Bitcoin Conference’s aftermath, demonstrating the tendency for significant price adjustments during major crypto events.
Analyst TehThomas highlights that Bitcoin’s long-term trend remains bullish, pointing to key support levels as critical markers for future market trajectory.
“This means that the Bitcoin price is still bullish, especially with a higher timeframe ascending trend line and the formation of higher lows recently.” – TehThomas, TradingView
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