From Financial Modeling Prep: 2025-06-02 07:57:00

Bitcoin remained stable at $104,640.30 after a weekend of losses due to U.S.-China trade tensions and rising tariffs. Profit-taking from record highs and ETF outflows have pushed Bitcoin down from its peak of $111,000 in late May.

Last week saw Bitcoin hit $111,000 before a wave of profit-taking ensued, leading to a price correction.

ETF data revealed significant institutional selling at the end of May, adding to the downward pressure on Bitcoin.

Bitcoin has settled around $104K, indicating a temporary pause in its volatile movement.

Trade tensions between the U.S. and China have escalated, with President Trump accusing China of violating trade agreements, leading to market uncertainty.

Trump’s announcement of increased steel and aluminum tariffs to 50% has further heightened market volatility.

Bitcoin’s decline mirrors the broader trend of risk aversion among traders, impacting other risk assets as well.

Altcoins like Ethereum and Solana have also experienced declines as traders opt to cash out profits.

Trading volumes over the weekend have decreased, suggesting a wait-and-see approach among market participants.

The outcome of U.S.-China trade negotiations, tariff decisions, and ETF flow trends will likely dictate Bitcoin’s future movements.



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