Fed rate cut expectations fading

Market participants now see rate cuts from the Federal Reserve as unlikely at the upcoming June 18 meeting. That shift has drained some bullish momentum, pushing BTC down ~1.7% over the past 24 hours .

2. Technical resistance profit-taking

Bitcoin recently hit resistance above the $108K–$110K range, prompting short-term traders to take profits. Technical indicators suggest a routine consolidation after this run-up .

3. Macro and geopolitical caution

Escalating tensions in the Middle East (e.g., Iran-Israel) have triggered broader "risk-off" sentiment. Investors are shifting into traditional safe-haven assets like U.S. Treasuries, which detracts from risk assets such as crypto .

4. Crypto–Traditional Market Coupling

Bitcoin is increasingly moving in tandem with equities. A pullback in stock markets—fueled by inflation, geopolitical talk, and bond auction dynamics—is pressuring crypto as well .$BTC $ETH