TL;DR
- Bitcoin was rejected near $107K and retreated toward $105K, with traders watching key support at $103K and $100K.
- The market saw broad declines, yet long-term fundamentals remain constructive thanks to institutional participation and steady ETF inflows.
- Uniswap surged +20%, sharply outperforming as ZEC, ICP and XMR dropped by double digits.
Bitcoin pulled back from the $107,000 region on Tuesday and traded near $105,354 (-0.78% in 24h). While the move triggered caution among short-term traders, analysts view the pause as a healthy consolidation after last week’s rebound. The total crypto market cap slipped to approximately $3.63T, suggesting a mild cooldown rather than a change in long-term sentiment.
BTC Price Faces Key Support Levels Ahead
After briefly touching a weekly high above $107,000, Bitcoin lost momentum and dipped below $105,500 as trading volumes eased. Market observers are closely watching the $103,000–$104,000 support area where buyers could step in, partly due to an unfilled CME futures gap. Holding this zone may allow a new push toward $108,000 and possibly $110,000. A deeper pullback could revisit the psychological $100,000 level, considered by long-term holders as a favorable accumulation zone.
Institutional flows remain an important driver. Spot Bitcoin ETFs in the US and Asia continue to attract steady inflows, helping balance profit-taking from early investors and miners. Macro expectations also play a role, with increased anticipation of more accommodative monetary conditions later this year. Some analysts argue that if global liquidity strengthens, Bitcoin could regain upside momentum faster than expected.
Altcoin Market Shows Mixed Performance
The correction extended across major altcoins. Ethereum (ETH) slipped 0.91% to $3,578. XRP dropped 3.34% to $2.46, BNB declined 1.90% to $981.70, and Solana (SOL) fell 2.63% to $163.90. Dogecoin (DOGE) retreated 2.99% to $0.1779, Cardano (ADA) decreased 2.43% to $0.5816, Chainlink (LINK) moved 2.71% lower to $16.19, and Hyperliquid (HYPE) slid 4.37% to $40.36. TRON (TRX) stood out with a 1.63% gain to $0.2990.
Privacy-focused assets recorded the steepest drops, with ZEC, ICP and XMR falling by double digits. In contrast, Uniswap (UNI) rallied over +20%, trading above $8 as stronger DeFi activity supported demand. Despite the pullback, many industry participants highlight ongoing development, expanding real-world use cases and rising global adoption as supportive factors for the months ahead.
