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 Is Going Down Today, $105K Stops Upward Momentum

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.

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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.