Is the Bull Market Over?

The recent Bitcoin price rally to a new ATH fueled a crypto market rally, pulling digital assets out of the Trump tariff-influenced slump. The same cryptos are facing another turmoil today, losing a significant portion of their recovery amid investors’ sentiments due to the influence of various technical and macroeconomic factors. Is the bull market over? Let’s discuss.

Bitcoin Price Crash Trimmers Affect Crypto Market

After a 4% crash in Bitcoin price, hours earlier, it currently trades at $108.7k. Its decline from the recent ATH rally has impacted investors’ sentiments, fueling the crypto market crash today.

This drop resulted in the wiping out of more than $600M in leveraged positions, per Coinglass, and the top altcoins like XRP, SOL, DOGE, and others declined at least 1-2%. Some even faced extreme volatilities and higher bearish pressures.

Notably, this happened amid Trump’s 50% Tariff announcement on the EU, starting June 1, 2025. Although it is still in discussion, the digital assets felt the trimmers.

Is the Bull Market Over With This Crypto Crash?

Investors have been awaiting a bull market since the Bitcoin Halving, as historical data presents the high odds of one’s formation past this event. Although the cryptocurrencies witnessed a bullish market in late 2024 and early 2025, the investors’ trust is fading, considering today’s crash.

However, this is just a minor outcome of ongoing macroeconomic events and does not confirm the end of the bull run. Experts’ Bitcoin price prediction is highly bullish for 2025, and the same is true for the rest of the market.

Some analysts believe that, similar to the US-China deal, Trump can bring a better tariff agreement with the EU as well. More importantly, the Bitcoin adoption is at its peak, amid intentional BTC buying, U.S. Strategic Bitcoin Reserve in discussion, continuous ETF inflows, and more.

Bitcoin succeeded in:

High Inflation
Low Inflation
High interest rates
Low Interest Rates
Strong DXY
Weak DXY
Greatest Fed Tightening in 40 years
Tariff Tantrum
Covid
Anti BTC administration for 4 years
Operation chokepoint
FTX Collapse
China mining ban
Block size wars

— James Van Straten (@btcjvs) May 21, 2025

BlackRock’s recent BTC buy confirms this perspective. Although the Bitcoin price trajectory is weakest in history, per Tradingshot, it has not ended.

Their analysis reveals that earlier cycles saw explosive growth, but the 2023-2025 one follows the ‘Channel Up’ pattern, which suggests a more mature crypto market with reduced upside potential.

The recent rebound past the February crash reveals that BTC is re-aligning with past cycles, and the top (rally to $150k-$200k) would come between October and December 2025.

As a result, the Bull market is far from over, but the trajectory could change amid ongoing macroeconomic changes. So, investors must research the subject further.

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Pooja Khardia

With a deep-seated passion for reading and five years of experience in content writing, Pooja is now focused on crafting trending content about cryptocurrency market.

As a dedicated crypto journalist, Pooja is constantly seeking out trending topics and informative statistics to create compelling pieces for crypto enthusiasts. Staying abreast of the latest trends and advancements in the field is an integral part of her daily routine, fueling a commitment to delivering timely and insightful coverage

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.