#MarketPullback
✅ Market Highlights
📉 Bitcoin
Current price: ≈ $103,980 (down ~0.8% intraday)
This week: Slid from >$105K; briefly hit ~$100.8K amid profit‑taking by long‑term holders (LTHs) .
Key drivers:
Macroeconomic uncertainty and broader market volatility
High‑profile clash between Trump and Musk impacting sentiment
Technical notes: trading between $103K–$105K; may consolidate unless it reclaims ATH near $111.9K
📉 Ethereum
Current price: ≈ $2,480 (down ~4.9% intraday)
This week: Declined ~6%, trading within $2,450–$2,650 range .
Outlook: Bolstered by sector rotation and institutional flows; still facing consolidative pressure .
🌐 Altcoins & Market Cap
The total crypto market cap dropped ~4.1% today to $3.33 trillion, with $142B in daily trade volume .
Smaller‑cap tokens have seen speculative spikes (e.g. “KILL BIG BEAUTIFUL”, “VICE”) .
DeFi, AI‑linked tokens gaining traction; institutional flows bolstering sentiment .
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🔎 What’s Influencing Sentiment
1. Trump–Musk Dispute
Their public disagreement on the “One Big Beautiful Bill Act” is denting risk appetite, triggering profit‑taking across top cryptos .
2. Macro Factors
Broader markets are shaky due to:
Uneven US‑China trade/dialogue
Upcoming US non‑farm payrolls report—this week could sway Fed policy .
3. Institutional & On‑chain Signals
Circle’s IPO success ($1B raise, stock >2× at $83) shows crypto gets Wall Street interest .
Technical on‑chain indicators: BTC transaction volume surged late May–early June, but price failed to stay above the ~$107K breakout .
4. Technical Outlook
BTC consolidating in $103K–$106.7K, with “dead‑cross” pattern looming—alert for bearish shift .
Analysts suggest $110K ceiling might hold short term; targets near $125K by June and up to $150–200K by year‑end remain possible .
DISCLAIMER this is only a analysis by me plz do your own research
