Crypto Market Down Today: Bitcoin Faced $110k Resistance

Bitcoin couldn’t retake the $110k mark, facing a big sell-off, turning the crypto market into a bloodbath. What game is Price Volume in 24h Price 7d playing, and what can we expect from it?

Is it the geopolitical situation or pure profit taking below the all-time high? Shaking off weak hands before teleporting to a new ATH or a new bear starting?

-

Price

Market Cap

-

-

-

24h 7d 30d 1y All Time

Log

Bitcoin and Crypto Space Dealing With Harsh Conditions

Today, Bitcoin faced a big selloff with a lot of long liquidations. This happened for various reasons, one of which was that the Fed didn’t cut rates as they said. On May 7, 2025, they announced that rates are going to stay 4.25%-4.50%.

That statement marked a sentiment shift from bullish to bearish, triggering the start of controlled profit-taking and risk deleveraging among traders.

FOMC minutes drop at 2PM EST today.

Markets are stalling like a boomer trying to post a meme.

Back on May 6–7, the Fed kept rates locked at 4.25%–4.50%.

They called the economy solid and the labor market resilient.

Classic Fed talk – calm on the mic, sweating behind the… pic.twitter.com/9Zt6ZRT5yx

— Chapo (@El_Crypto_Chapo) May 28, 2025

DISCOVER: Best Meme Coin ICOs to Invest in May 2025

Somehow, this created a rumor that the Fed will cut the rates at the June meeting or even earlier by the end of the month. All that was not supported by any reliable information, leaving the participants in chaos.

Another key factor affecting the crypto market in general is the uncertainty caused by President Donald Trump’s tariffs. These range from 10% tariffs on all imports from more than 57 countries, to staggering 145% tariffs on goods from China.

That led to a tariff trade war game that has severely disrupted the market. No longs or shorts have been safe, and many liquidations have been tested. The latest development is a 50% tariff on all European Union imports, starting June 1, 2025.

Tags: