Crypto Market Retraces as Bitcoin Faces Resistance, Ethereum Cools
The global cryptocurrency market is experiencing a modest correction today, reflecting cautious investor sentiment and profit-taking behavior after a strong performance in May. Major coins like Bitcoin and Ethereum are pulling back from recent highs, while certain altcoins show signs of resilience.$BTC
🌐 Market Overview
The total crypto market capitalization currently sits at $3.36 trillion, reflecting a 2.2% drop over the past 24 hours. This decline comes after several weeks of upward momentum, suggesting a phase of consolidation and repositioning by traders and institutional investors.$BTC
🟠 Bitcoin (BTC) – Testing Resistance
Bitcoin is currently trading between $106,000 and $110,000, with the price hovering around $107,600 at midday UTC. This represents a 1.7% to 2.1% dip from the previous day.$ETH
BTC is facing stiff resistance around the $108K–$110K zone, a level that has proven psychologically and technically important throughout Q2. Analysts suggest this pullback could be a healthy breather after May’s double-digit rally, during which Bitcoin
climbed over 11%.
