Bitcoin Plunges Below $105,000 Amid Tariff Uncertainty; Crypto Market Down on US-China Trade Tensions
Key Takeaways
- Bitcoin dipped to $105,000 amid uncertainty surrounding Trump's tariffs.
- Trader James Wynn faced losses on a $1.25B Bitcoin long position.
- Trump Media closed a $2.44B deal to establish a Bitcoin treasury.
- Thailand will block access to OKX, Bybit, and other exchanges from June 28.
- Bitcoin ETFs saw a $358M outflow, the first since May 13.
Top Stories
Bitcoin dips to $105,000 amid Trump tariff uncertainty
On 2025-05-30, Bitcoin price dipped to $105,000 due to uncertainty surrounding Trump's tariffs, spurring profit-taking. Satoshi's Bitcoin holdings decreased by $4 billion due to the price slump.
Crypto markets down on US-China trade tension fears
On 2025-05-30, cryptocurrency markets experienced a downturn due to renewed concerns over U.S.-China trade tensions, contributing to risk-off sentiment across cryptocurrency markets. Bitcoin fell, with reports noting a 2.1% drop below $104,000 and a 2.8% decrease to around $105,300; crypto stocks also declined, with Bitdeer falling 8.3%.
Trader faces losses on $1.25B Bitcoin long position
On 2025-05-30, James Wynn, a trader known for billion-dollar bitcoin positions, faced significant losses due to declining bitcoin sentiment. In the week of 2025-05-30, Wynn built a $1.25 billion notional long position in Bitcoin at an average price of $108,243, but it collapsed as Bitcoin dipped below $105,000 after U.S. President Donald Trump’s tariff announcement on EU exports, leading to liquidations.
Trader faces losses on $1.25B Bitcoin long position
On 2025-05-30, James Wynn, a trader known for billion-dollar bitcoin positions, faced significant losses due to declining bitcoin sentiment. In the week of 2025-05-30, Wynn built a $1.25 billion notional long position in Bitcoin at an average price of $108,243, but it collapsed as Bitcoin dipped below $105,000 after U.S. President Donald Trump’s tariff announcement on EU exports, leading to liquidations.
Trump Media closes $2.44B Bitcoin Treasury deal
On 2025-05-30, Trump Media & Technology Group closed a Bitcoin Treasury Deal. Trump Media and Technology Group (DJT) closed a $2.44 billion fundraising deal to establish a bitcoin treasury and will direct the net proceeds of $2.32 billion to purchase BTC for its treasury, with Crypto.com and Anchorage Digital providing custody services.
Thailand to block OKX, Bybit, and other exchanges
Thailand will block access to OKX, Bybit, 1000X, and XT.com from 2025-06-28. The Thai SEC filed charges against these exchanges for violating the Digital Asset Business Act and requested the Ministry of Digital Affairs to block them.
Bitcoin ETFs see $358M outflow, first since May 13
On 2025-05-30, Bitcoin's losses followed a $358 million net outflow from the 11 spot bitcoin ETFs, marking their first outflow since May 13 and the highest single-day tally since March 11. U.S. spot bitcoin ETFs experienced their first day of net outflows in 10 trading sessions, with $358 million in redemptions; IBIT saw $125 million in inflows, while FBTC led outflows with $166 million.
Market Pulse
$684M Bitcoin stuns Kraken exchange
On 2025-05-30, a report indicated $684,680,203 Bitcoin Stuns Major US Exchange Kraken.
IBIT sees record-low volatility, $5.85B net flows this month
On 2025-05-30, BlackRock’s iShares Bitcoin Trust ETF (IBIT) showed record-low volatility with a 90-day rolling volatility of 47.64, attracting larger investors. Spot bitcoin ETFs experienced $5.85 billion in total net flows this month.
Piper Sandler optimistic on Bitcoin after Las Vegas event
IBIT down 1.32%, registers $125M net inflow
On 2025-05-30, IBIT fell 1.32% to $59.99, while registering a net inflow of $125 million, the lowest single-day tally since May 13. Market sentiment turned slightly bearish with a positive put-call skew of 0.2%.
Saylor addresses Strategy's mNAV at Bitcoin conference
On 2025-05-30, at a Bitcoin conference in Las Vegas, Strategy (MSTR) Executive Chairman Michael Saylor addressed how the company would respond if its multiple to net asset value (mNAV) fell below 1, stating that unlike GBTC, Strategy is an operating business with the ability to take on debt and manage its capital dynamically.
Adoption News
Mega Matrix Corp approves Bitcoin, Ethereum as assets
Price Watch
Cryptocurrency prices: BTC $104,172.84, ETH $2,538.61
On 2025-05-30, the cryptocurrency prices were reported as follows: BTC $104,172.84 - 1.76%, ETH $2,538.61 - 4.37%, USDT $1.0002 + 0.02%, XRP $2.1605 - 4.91%, BNB $659.67 - 2.67%, SOL $158.43 - 5.40%, USDC $0.9998 + 0.00%, DOGE $0.1950 - 10.60%, TRX $0.2694 - 2.02%, ADA $0.6962 - 4.65%, HYPE $32.66 + 2.70%, SUI $3.2422 - 9.15%, LINK $13.99 - 7.89%, AVAX $20.79 - 7.82%, XLM $0.2672 - 4.55%, TON $3.2524 - 4.79%, LEO $8.7308 - 4.05%, BCH $404.02 - 1.94%, SHIB $0.0₄1289 - 8.72%, HBAR $0.1684 - 7.32%.
Regulation Front
JD Vance aims to end anti-digital-asset regulations
On 2025-05-28, U.S. Vice President JD Vance addressed the Bitcoin 2025 conference, outlining goals to end anti-digital-asset regulations, pass stablecoin legislation (GENIUS Act), and create clear rules for the Bitcoin industry. Vance also declared an end to “Operation Chokepoint 2.0,” warning that regulatory clarity is needed to prevent the $3 trillion digital asset industry from moving overseas.
Whale Alert
Whales purchase 20,000+ Bitcoin, anticipating new high
As reported on 2025-05-30, over 20,000 Bitcoin were purchased in two days, suggesting whales anticipate a new all-time high.
Tech Advancements
Bitcoin mining up, transaction fees remain low
On 2025-05-30, it was noted that despite increased Bitcoin mining activity, transaction fees remain exceptionally low, suggesting a divergence between usage and infrastructure growth.
tBTC powers gas fees and collateral on Mezo
On 2025-05-30, it was reported that tBTC becomes the first to power gas fees and collateral on Mezo.