At 12:11 pm IST, Bitcoin was down 1.63% at $105,215, while Ethereum slipped 2% to $2,529. The global crypto market capitalisation fell by 1.7% to $3.27 trillion, according to CoinMarketCap.
“Bitcoin is trading near $105,000 as the crypto market reacts to the fresh escalations in the Middle East,” said Edul Patel, Co-founder and CEO of Mudrex. “Retail investors remain cautious, but institutions are still buying—Bitcoin ETFs saw over $412 million in net inflows, indicating long-term conviction.”
Sathvik Vishwanath, Co-Founder and CEO of Unocoin, added, “Despite short-term pullbacks, the structure remains bullish with upside potential of $115K–$125K. On-chain signals and ETF inflows support the rally, but macro shifts could bring volatility.”
The pressure was visible across major altcoins. XRP fell 3.5%, Solana 3.8%, Dogecoin 2%, Cardano 2.7%, Hyperliquid 5%, Sui 4.5%, Stellar 3%, and Chainlink 3.3%.
Shivam Thakral, CEO of BuyUcoin, said, “Bitcoin slipped to $105K after touching $107,645. The dip is driven by Middle East tensions, which are rattling global markets. Traders are avoiding fresh positions. Any clarity on Trump tariffs or Fed rate cuts may calm the nerves.”“Bitcoin and Ethereum mirrored each other in recent declines, followed by partial recoveries,” noted Riya Sehgal, Research Analyst at Delta Exchange. She said Bitcoin’s ability to hold higher lows above $105K signals strength, with key resistance at $106.5K. Ethereum, meanwhile, is stuck in a $2,450–$2,575 consolidation band.Sehgal also pointed to net inflows on June 17—$216.5 million for Bitcoin ETFs and $11.1 million for Ethereum—as a sign of sustained institutional interest. “Global regulatory developments such as the Genius Act and Thailand’s five-year crypto tax exemption are shaping a more mature market environment.”
Meanwhile, Vikram Subburaj, CEO of Giottus, warned of growing profit-booking activity. “Spot Bitcoin ETFs saw over $400 million in outflows—the first net redemptions in over a week. Mid-cycle holders booked $904 million in profits on Monday, accounting for 83% of total realized gains,” he said.
Despite the selloff, he noted the Coinbase Premium Index remains positive, indicating robust US spot demand. According to Polymarket data, there’s a 42% probability Bitcoin may revisit the $100,000 mark before June 30.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
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