Despite global market turbulence and nearly $1 billion in liquidations, $BTC remains strong, trading above $105,000 after the weekend's sell-off. Traders are watching for a potential pause in its rally, with technical signals hinting at exhaustion.
$ETH rose 4.5%, driven by optimism following staff restructuring at the Ethereum Foundation aimed at advancing protocol development. $DOGE gained 3%, while Solana, Cardano, XRP, and BNB added up to 2.5%. The CoinDesk 20 index rose 2% overall.
Analysts suggest Bitcoin may consolidate between $103,000 and $108,000, with $100,000 as key support. On-chain data shows continued whale accumulation, indicating possible long-term strength.
Geopolitical tensions between the U.S. and China add to uncertainty, with traders eyeing key policy deadlines in July. Still, Bitcoin remains a top performer year-to-date, maintaining its leadership despite short-term risks.
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