BTC Holds Above $107,000 as Price Dips 2.45% Amid Geopolitical Tensions and Market Volatility

Bitcoin (BTCUSDT) experienced a 2.45% price decline over the past 24 hours, with the current price at $107,169.45 (Binance data), attributed primarily to a broader crypto market pullback and increased bearish sentiment following recent geopolitical tensions in the Middle East. Despite softer-than-expected U.S. inflation data for May (CPI up 2.4% YoY) and speculation of potential Federal Reserve rate cuts, which have generally supported bullish sentiment, short-term momentum has weakened as trading volumes declined and volatility increased. Bitcoin remains above the key $107,000 support level, with a 24-hour trading range between $106,587 and $109,854, a market capitalization of approximately $2.13 trillion, and stable blockchain fundamentals including low transaction fees and typical block times.