#CryptoCPIWatch

The bellwether cryptocurrency Bitcoin (BTC) recently touched $105,700 before retreating by 3 per cent, indicating potential profit-taking near the $106,000 resistance level, a zone where long-term holders may be looking to exit. The pullback in the flagship currency coincided with broader macroeconomic shifts, including a strengthening US dollar index and renewed optimism around the US–China trade deal, which boosted equities and encouraged profit booking in crypto.

The $100K mark, analysts said, remains a critical psychological and liquidation level, with over $3.4 billion in long positions exposed to downside risk if selling pressure continues.

As of 10:44 AM on Tuesday, May 13, Bitcoin was trading at $102,662.30, down 1.19 per cent on CoinMarketCap. Over the past 24 hours, it fluctuated between $100,814.40 and $105,747.45, with a trading volume of $64.27 billion. Its market capitalisation stood at $2.16 trillion, maintaining its lead as the most valuable cryptocurrency