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Bitcoin under pressure: trade dispute weighs on crypto markets!
Find out the latest developments in the crypto market: Bitcoin price decline and economic analysis for the week of June 2, 2025.
Bitcoin under pressure: trade dispute weighs on crypto markets!
On June 2, 2025, Bitcoin (BTC) shows a moderate price movement. In the last trading week, the leading cryptocurrency suffered a setback of around three percent. The BTC price currently closed just above the $105,000 mark. This decline appears to be closely linked to the trade dispute between the US and Europe, which led to profit-taking in financial markets in the second half of the week. The crypto market was not unaffected by these developments and made corresponding adjustments.
Another notable point is Blackrock's (IBIT) Bitcoin Spot ETF, which saw outflows of around $500 million last week. This is a significant factor that could influence market development.
Economic data in focus
In the new trading week, relevant economic data is now the focus of investors' attention. This could affect the price movement of Bitcoin and other cryptocurrencies. The ISM Manufacturing PMI in particular receives a lot of attention because it provides important insights into U.S. economic development. Information about the collection of the ISM Manufacturing PMI is available via Investing.com available.
The release and interpretation of this data could be crucial to market sentiment and investor behavior. Market participants are eager to see how the upcoming economic indicators will impact the crypto and financial markets.