Bitcoin, Solana, and Dogecoin experienced significant declines on June 5, 2025, amidst escalating trade tensions and an intensifying feud between Elon Musk and Donald Trump. Bitcoin fell below $101,000, marking its lowest point in nearly a month, while Solana and Dogecoin tried to recover but remained in the red. Analysts pointed out that despite Circle's successful public debut, which saw the company's stock price surge significantly, the broader market remains cautious due to macroeconomic uncertainties. Circle's share price closed at $83.23, up from its $31 IPO, reflecting renewed interest in stablecoins. However, industry experts predict that crypto markets will continue to experience volatility and caution, especially as macroeconomic factors evolve and potential catalysts like interest rate cuts or ETF approvals are awaited. Investors are advised to remain selective amidst these developments, with the long-term prospects for Bitcoin considered to be relatively strong amid the recent turbulence.

Source 🔗