Bitcoin briefly fell below $104,000 on May 30, 2025, amid heightened trade tensions between the United States and China. According to market data from Binance, the cryptocurrency dropped as low as $103,997 before rebounding above the $105,000 mark on June 1. The decline occurred as the market experienced a wave of liquidations, with over $600 million in long positions eliminated within 24 hours, contributing to increased volatility. Bitcoin posted a weekly loss of 6.60%. The price drop coincided with U.S. President Donald Trump accusing China of violating a tariff truce agreement, raising concerns about further restrictions on Chinese technology sectors. Ethereum also declined, trading at $2,577.64 with a weekly drop of 2.70%. Despite the short-term weakness, Bitcoin ended May with a 10% gain, having reached a record high above $111,000 earlier in the month. Ethereum gained 42.5% in May. The period saw positive regulatory developments in the U.S., including the dismissal of the SEC case against Binance, the announcement of a $2.32 billion bitcoin reserve by Trump Media, and the introduction of the CLARITY bill in the House of Representatives aimed at establishing a regulatory framework for digital assets. Market sentiment indicators, such as the Fear and Greed Index, showed a decrease in risk appetite, falling from 65 to 61. Meanwhile, large investors, or 'whales,' were reported to be accumulating Bitcoin during the price dip. Trading volumes increased as prices consolidated around $104,000 to $105,000.