Major
cryptocurrencies, including Bitcoin (BTC), Dogecoin (DOGE), Cardano (ADA), and
Solana (SOL), dropped more than 5% in the past 24 hours as traders moved to
secure gains following a robust week-long rally fueled by macroeconomic
optimism.

The broader
digital asset market, which had surged alongside global equities, showed signs
of a potential pause as investors reassessed positions ahead of key events,
including Coinbase’s inclusion in the S&P 500 on May 19.

Let’s check
why crypto is going down today, what the technical analysis show and the newest
crypto price predictions.

Bitcoin,
the largest cryptocurrency by market capitalization, fell 1.92% to $101,726.19,
hovering near the $105,000 level it briefly surpassed earlier this week. Ethereum
(ETH), the second-largest token, declined 2.48% to $2,531.68, struggling to
hold above the $2,700 mark.

Other major
tokens saw steeper losses: Solana slid 5.58% to $169.38, Cardano dropped 6.10%
to $0.7640, and Dogecoin
fell 5.03% to $0.2232, according to price data from CoinMarketCap.

The
pullback follows a rally driven by favorable macroeconomic developments,
including lower-than-expected U.S. inflation figures, strong earnings from
China’s technology sector, and a recent U.S.-China trade agreement that
bolstered global risk assets.

“We are in a highly volatile market where, despite the overall bullish sentiment, thin liquidity continues to amplify price movements. Even relatively small trading volumes can drive significant price changes. This also explains why higher-cap coins like BTC and ETH are less affected, while lower liquidity assets experience more pronounced swings,” Dr Kirill Kretov at CoinPanel, commented for FinanceMagnates.com

The Crypto
Fear & Greed Index, a gauge of market sentiment, climbed to 74 yesterday,
signaling potential overbought conditions, which may have prompted traders to
lock in profits.

You may also like: Bitcoin Price Surges Past $100K as Kiyosaki and Saylor Predicts BTC New ATH

Market Dynamics and
Institutional Activity

The
cryptocurrency market’s recent surge was part of a broader upswing in risk
assets, spurred by positive economic signals. U.S. inflation data released
earlier this week came in below forecasts, raising expectations for continued
monetary policy support, while China’s tech sector reported robust earnings,
fueled by optimism over renewed U.S.-China trade relations. These factors drove
Bitcoin to a high of $104,000 and Etherum to $2,700 before both encountered
resistance.

Despite the
current dip, institutional interest in cryptocurrencies remains strong. Data
from Santiment, a blockchain analytics firm, showed that mid-sized Bitcoin
holders, wallets holding between 10 and 10,000 BTC, accumulated over 83,000 BTC
in the past month, signaling confidence in the asset’s long-term value.

“In the current environment, price moves of up to 10% are
well within normal volatility, and anything below 5% can often be considered
just market noise,” Kretov added. “Some of this movement likely comes from profit-taking, as traders secure gains
after the recent rally. And with liquidity so thin, even modest sell-offs can
quickly translate into noticeable corrections. This is typical behavior in a
fragile market structure, where price reacts more to positioning flows than to
fundamental developments.”

Coinbase S&P 500
Inclusion Approaches

Market
participants are also closely watching Coinbase’s upcoming inclusion in the
S&P 500 index, scheduled for May 19. This milestone event for the
cryptocurrency industry is expected to drive significant passive fund flows
into Coinbase stock, with some analysts estimating demand could exceed $9
billion.

The
inclusion of a major cryptocurrency exchange in one of the world’s most
followed equity indices represents a significant step toward mainstream
acceptance of the digital asset industry and could potentially attract new
institutional capital to the sector.

Bitcoin Technical Analysis
Shows Strong Support

From the
perspective of my technical analysis, Bitcoin has stalled at the psychological
level of $105,000, which aligns with the peak from late January. However, the
correction has not broken out of the steeply inclined regression channel that
has been forming since the April lows.

Moreover,
Bitcoin has technical support at the psychological $100,000 level, which should
provide significant support for a rebound. If this level fails to hold, I
identify the next key support zone at $90,000–$92,000, corresponding to the
lows from the turn of December, January, and February.

Only a
decisive break below $75,000, the lows from over a month ago, would suggest
that bearish sentiment is returning to the market. All other sell-off
activities should be treated as a healthy technical reaction and an opportunity
to buy at lower prices.

“Severing the $100K mark would be the next
move for BTC,” Paul Howard, Senior Director at Wincent, said. “We are less than 5% of new ATH currently, and I would expect we
breach this level in the coming weeks or months as we see further announcements
and adoption from banks and Financial Institutions over the summer.”

Bitcoin Price Prediction
2025-2030

Below is a
summary of some high-profile predictions. You
can learn more about them in this article.

Crypto News, FAQ

Why is crypto falling now?

Crypto is
falling due to profit-taking after a strong week-long rally driven by
macroeconomic optimism, including lower U.S. inflation, strong Chinese tech
earnings, and a U.S.-China trade agreement. Major tokens like Bitcoin (-1.92%
to $101,726.19), Ethereum (-2.48% to $2,531.68), Solana (-5.58% to $169.38),
Cardano (-6.10% to $0.7640), and Dogecoin (-5.03% to $0.2232) saw declines as
traders locked in gains. The Crypto Fear & Greed Index at 74 indicates
overbought conditions, prompting sell-offs.

Will crypto rise again?

Yes, crypto
is likely to rise again. Technical analysis shows Bitcoin holding above key
support at $100,000, with a regression channel supporting a rebound unless it
breaks below $75,000. Institutional accumulation (83,000 BTC by mid-sized
holders) and Coinbase’s S&P 500 inclusion on May 19, expected to drive $9
billion in fund flows, signal strong long-term confidence.

Will crypto recover in
2025?

Crypto is
expected to recover in 2025. Predictions include Bitcoin reaching
$120,000–$200,000 (Standard Chartered), peaking at $180,000 (VanEck), or
averaging $161,000 (Finder.com). Continued institutional interest and
mainstream adoption, like Coinbase’s S&P 500 inclusion, support a bullish
outlook.

Is it still worth
investing in crypto?

Yes, crypto
remains a compelling investment. Strong technical supports ($100,000 for
Bitcoin), institutional buying, and positive 2025 forecasts ($120,000–$200,000
for Bitcoin) suggest upside potential. Long-term projections (e.g.,
$405,000–$1.2 million by 2030) and events like Coinbase’s S&P 500 inclusion
indicate growing mainstream acceptance, though risks like volatility and
regulatory changes should be considered.