Crypto Price Today (May 23, 2025): Bitcoin Dips Below $109K Amid Trump’s Tariff Plan; Altcoins Push Back

The cryptocurrency market saw a slight pullback today, with Bitcoin (BTC) retreating below $109K, a day after hitting a record high of $111,961 on May 22. This 1.6% dip, driven by profit-taking and Trump’s surprising tariff plan for the European Union, underscores Bitcoin’s ongoing volatility as it consolidates its position as a leading asset with a market cap surpassing $2.2 trillion. 

Amid the increased uncertainty, the overall market sentiment remains cautiously optimistic, buoyed by Bitcoin’s strong performance and a global crypto market cap surpassing $3.5 trillion, up significantly from recent months. 

However, a $562 million liquidation in the past 24 hours event triggered by tariff concerns has introduced unpredictability and tempered bullish enthusiasm. 

At the time of writing, Bitcoin is trading near $108,868, down 2.45% in the past 24 hours. It fell nearly 3% from the daily of $111,881 to as low as $108,092—as per CoinMarketCap data. 

Bitcoin Price Dips 3% — Source: CoinMarketCap

As Bitcoin dips 3%, altcoins have displayed mixed results, with Ethereum (ETH) falling  4% to $2,532 while XRP seeing a 3% drop to $2.3 price mark. Other altcoins like BNB ($668) and Solana ($179) relatively held steady movement, while Dogecoin ($0.2342) showed slight resilience.

Trending Crypto Today

• SOL (Solana)
• PEPE (Pepe)
• XRP (XRP)
• SOON (SOON)
• FET (Artificial Superintelligence Alliance)

Top Gainers Today

• FORM (Four): +12%
• BGB (Bitget Token): +7%
• BONK (BONK): +7%
• HYPE (Hyperliquid): +5%
• PEPE (Pepe): +5%

Top Losers Today

• TRUMP (Official Trump): -15%
• PI (Pi Coin): -6%
• LDO (Lido DAO): -6%
• S (Sonic): -5%
• TAO (Bittensor): -5%

As per CoinMarketCap data, the global crypto market cap today sits at $3.43 trillion in valuation, with a 24 hour trading volume of $171.3 billion.