Bitcoin (BTC) Price Drops 2.50% as Mounting Selling Pressure Triggers Wave of Liquidation

Bitcoin price came under significant pressure today, May 5, 2025, slipping to around $93,000.

This continues the correction trend seen since hitting a 10-week high.

> Bitcoin price is currently trading in the mid-90s again after slipping from the recent highs to start the new week.

As reported by the Cointelegraph, Bitcoin has created the potential for volatility as the price hits areas of concentrated liquidity.

When it slips from the high to test support again without canceling out the recovery trend, it may continue to decline.

According to the latest data from CME Group's FedWatch Tool, the chances of a rate cut on May 7 are very slim.

However, crypto traders and analysts are still discussing the possibility of a pivot in monetary policy.

"Keep in mind that crypto and altcoin markets tend to correct in the week before the Fed meeting," added the analyst.

"I suspect that we'd be having the end of this correction around Tuesday and go up from there."

That's the latest information about crypto. Follow us on Google News to stay up-to-date on the world of crypto and blockchain technology.

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This content aims to enrich readers' information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset's past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.