On May 19, 2025, Bitcoin’s price dipped below $103,000, falling 0.83% in 24 hours to $102,845 on global exchanges like Binance and Coinbase, per CoinDesk.
On Indian platforms like CoinSwitch and CoinDCX, it traded at $105,595, down 0.10%, per Gadgets 360. Ether, the second-largest cryptocurrency, dropped 5% to $2,376 globally and $2,080 in India, with most altcoins mirroring the decline.
The ZebPay Trade Desk noted Bitcoin’s consolidation, with bulls testing the $105,820 resistance level, supported by upward-trending moving averages and an overbought Relative Strength Index (RSI), per Gadgets 360. Strong support lies at $100,000, while $110,000 poses significant resistance, per CryptoNews.
According to Bloomberg, the crypto market’s volatility follows a weekend sell-off, with global trading volume down 3.2% to $98 billion. Bitcoin’s recent high of $108,250 on May 10, 2025, fueled optimism, but regulatory concerns and profit-taking have tempered gains. Ether’s drop aligns with broader altcoin declines, including Solana (-4.1%) and Cardano (-3.8%).
According to Forbes, analysts suggest that the recent dip may represent a short-term correction rather than a bearish trend, noting that Bitcoin’s $100,000 support level remains strong. Additionally, the Relative Strength Index (RSI) shows an overbought signal, indicating the potential for further consolidation, as reported by CryptoNews. A social media user highlighted the accumulation of assets by large investors, although this information is unverified, which suggests there may still be confidence in long-term growth.
