Overview

• Bitcoin slipped below $105,000 on Friday, marking a three-week low as markets reacted to President Trump’s renewed trade threats and stalled US-China negotiations.
• The SEC formally dropped its two-year lawsuit against Binance, removing a key regulatory overhang for the cryptocurrency exchange.
• Crypto markets recorded over $734 million in liquidations in a single day, highlighting intense selling pressure as investors turned cautious.
• Institutional investors injected $432 million into spot Bitcoin ETFs yesterday, contributing to a $6.22 billion inflow into the iShares Bitcoin Trust ETF for May.
• Analysts caution that Bitcoin faces potential support near $102,000 and could decline further if it fails to reclaim resistance levels.