Analysis: Trade tensions escalate again, causing volatility in the crypto market, and investors' cautious sentiment increases

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Cointime2025/05/31 12:24

By:Cointime

the cryptocurrency market experienced a significant decline this weekend, with Dogecoin falling by over 8%, PEPE by 12%, Bitcoin by over 2%, trading at just over $103,600. Ethereum fell by nearly 4%, Ripple (XRP), BNB Chain (BNB), ADA, and SOL all fell by 2-5%. Analysts believe that this economic downturn is related to the escalating trade tensions, and expect market volatility to continue. The derivatives market also indicates that investors' cautious sentiment is increasing, with data from Deribit showing a 51% increase in open Bitcoin futures contracts since April, and a staggering 126% increase in options contracts.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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- FUN plunged 32.34% in 24 hours to $0.008938, marking a 541.8% monthly loss amid prolonged bearish trends. - Technical breakdowns, elevated selling pressure, and forced liquidations highlight deteriorating market sentiment and risk-off behavior. - Analysts identify key support below $0.0080 as critical, with bearish momentum confirmed by RSI (<30) and MACD indicators. - A trend-following backtest strategy proposes short positions based on technical signals to capitalize on extended downward trajectories.

Bitget-RWA•2025/09/12 06:14

FUN drops by 32.34% within 24 hours as it faces a steep short-term downturn

OPEN has dropped by 189.51% within 24 hours during a significant market pullback

- OPEN's price plummeted 189.51% in 24 hours to $0.8907, marking its largest intraday decline in history. - The token fell 3793.63% over 7 days, matching identical monthly and yearly declines, signaling severe bearish momentum. - Technical analysts cite broken support levels and lack of bullish catalysts as key drivers of the sustained sell-off. - Absence of stabilizing volume or reversal patterns leaves the market vulnerable to further downward pressure.

Bitget-RWA•2025/09/12 06:14