BTC Drops 4.36% Amid Geopolitical Tensions and U.S. Debt Surge, Eyes on $100K Support

Bitcoin (BTCUSDT) experienced a 4.36% decline over the past 24 hours, with the price dropping from 103,549.99 to 99,040.00 on Binance. The price retracement is primarily attributed to heightened market volatility, increased selling pressure amid global geopolitical tensions, and concerns over the U.S. national debt surpassing $37 trillion, which has influenced risk sentiment and driven some investors to reduce exposure. Technical factors, including repeated failures to break resistance at the $105,000–$106,000 range and a sharp sell-off below $103,000, contributed to intensified downward momentum. Despite the correction, trading volume remains elevated, reflecting active market participation, with Bitcoin’s market cap at $1.97 trillion and 24-hour volume at $38.3 billion. The $100,000 level is a key psychological support, and upcoming events such as the June 27 options expiry are expected to further impact volatility in the near term.