Major cryptocurrencies experienced a slump of up to 5% as traders took profits from previous highs, with dogecoin (DOGE) leading the losses. Bitcoin (BTC) remained around $93,000, while XRP, Solana’s SOL, BNB Chain’s BNB, and DOGE saw declines exceeding 2%. Ether (ETH) experienced a comparatively smaller drop of 1.5%. The overall market capitalization fell by 2.5%, with the CoinDesk 20 index dropping over 3%. Spot bitcoin ETFs in the U.S. attracted significant inflows totaling over $916 million, indicating Bitcoin's rising appeal as a safe-haven asset during market volatility. Factors impacting the market include a declining U.S. dollar index and mixed signals from geopolitical developments, particularly the U.S.-China tariff situation. Despite Bitcoin's resilience and comparisons to gold, traders remain cautious due to lingering macroeconomic risks and regulatory uncertainties.

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