Macro conditions keep Bitcoin boxed between $100k and $110k, bulls awaiting catalyst
The Fed announcing rate cuts on the horizon could drive Bitcoin above the $110,000, starting a new upside momentum.
Track crypto price watch updates, sharp market moves, key levels, and fast reactions to breaking developments across digital assets.
Why is Bitcoin’s price flat even as companies buy billions? Hidden dynamics behind ETF flows, paper bitcoin, and market manipulation, for a start.
Bitcoin faces limited upside momentum if the market doesn't get a fresh wave of demand.
As of press time, Bitcoin was trading at $103,801.74, up 4.5% over the past 24 hours after hitting an intraday low of around $99,500.
Bitcoin's weekend decline marks its first drop below $100k since May amid escalating Middle East tensions.
Global oil markets are jittery after U.S. airstrikes on Iran threaten the closure of the Strait of Hormuz, while Bitcoin price remains steady.
Geopolitical tensions and heavy selling pressure trigger massive liquidations as Bitcoin dips below key resistance.