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Bitcoin briefly climbed past US$110,000 early last week before retracing to around US$105,000 following heightened geopolitical tensions, including Israeli airstrikes in Iran. Traditional safe-haven assets like gold and the US dollar gained, while crypto markets broadly pulled back on risk-off sentiment.
Despite recent volatility, BTC is showing strength above US$105K, with ETH gaining traction and major market drivers ahead.
Approaching its all-time high, Bitcoin sees cautious trading despite a record US$167 billion in crypto fund assets in May, driven by investor diversification. Ethereum derivatives surpass Bitcoin volume. BlackRock’s ETF grows rapidly.
Despite cooling momentum and ETF outflows, Bitcoin is holding steady around the US$105k zone. At the same time, Asia’s trading volumes picked up, while institutions like Strategy reinforced long-term convictions.
Short-term momentum may have cooled, but long-term sentiment remains bullish for Bitcoin. Currently consolidating at US$105k after dropping from its all-time high price of US$111,980.
As Bitcoin hovers around US$105K, the market is weighing short-term uncertainty against a potentially bullish longer-term shift.