Major cryptocurrencies, including Bitcoin (BTC), Dogecoin (DOGE), Cardano (ADA), and Solana (SOL), dropped more than 5% in the past 24 hours as traders secured gains following a robust week-long rally fueled by macroeconomic optimism. The broader digital asset market, which surged alongside global equities, shows signs of a pause as investors reassess positions ahead of key events like Coinbase’s inclusion in the S&P 500 on May 19.
Bitcoin Declines Amid Profit-Taking
Bitcoin, the largest cryptocurrency by market capitalization, fell 1.92% to $101,726.19**, struggling to hold above **$105,000. Ethereum (ETH) dropped 2.48% to $2,531.68, while other major tokens saw steeper losses:
- Solana (SOL): -5.58% to $169.38
- Cardano (ADA): -6.10% to $0.7640
- Dogecoin (DOGE): -5.03% to $0.2232
The pullback follows a rally driven by:
- Lower-than-expected U.S. inflation data
- Strong earnings from China’s tech sector
- Renewed U.S.-China trade optimism
👉 Bitcoin price predictions for 2025 suggest a rebound is likely, with institutional accumulation signaling long-term confidence.
Market Sentiment and Institutional Activity
The Crypto Fear & Greed Index hit 74, indicating overbought conditions. Despite the dip, institutional interest remains strong:
- Mid-sized Bitcoin wallets (10–10,000 BTC) accumulated 83,000 BTC in the past month (Santiment data).
- Coinbase’s S&P 500 inclusion (May 19) may drive $9 billion in passive fund flows.
"Price moves of up to 10% are normal in this volatile, low-liquidity market," notes Dr. Kirill Kretov of CoinPanel.
Technical Analysis: Key Support Levels
Bitcoin’s current correction stays within a steep regression channel from April lows. Critical levels:
- Support: $100,000 (psychological barrier)
- Next Support: $90,000–$92,000 (December–February lows)
- Bearish Signal: Only a break below $75,000 would suggest sustained downtrend.
👉 Expert forecasts for Ethereum and Solana highlight similar resilience.
Bitcoin Price Predictions (2025–2030)
| Forecast Source | 2025 Target | Long-Term Target |
|---|---|---|
| Standard Chartered | $120K–$200K | $500K by 2028 |
| VanEck | $180K (peak) | Next cycle >$400K |
| ARK Invest | — | $1.2M–$2.4M by 2030 |
| Finder.com Panel | $161K (avg.) | $405K by 2030 |
FAQ
Why is crypto falling today?
Profit-taking after a rally, thin liquidity, and overbought conditions (Fear & Greed Index: 74).
Will crypto recover in 2025?
Yes. Predictions range from $120K–$200K for Bitcoin, driven by institutional adoption and macroeconomic trends.
Is crypto still a good investment?
Long-term forecasts (e.g., $405K–$1.2M by 2030) and events like Coinbase’s S&P 500 inclusion support upside potential, though volatility persists.
"Breaking $100K is the next step for BTC," says Paul Howard of Wincent, citing institutional adoption.