Bitcoin drops to $104K after geopolitical tensions; altcoins retreat
- Bitcoin today at US$ 104 thousand after the week's falls
- Ethereum, Solana and Dogecoin also suffer pullback
- Flare (FLR) rises 7% and bucks market trend
Bitcoin started June under heavy pressure, currently trading at US$104.623. After reaching almost US$112 on the last Pizza Day (May 22), the asset faced a series of falls, impacted by statements from the President of the United States, Donald Trump. First, with new tariffs announced against the European Union and, later, with accusations against China for violating trade agreements. These geopolitical factors knocked BTC to a low of US$103 on Saturday.
In the weekly accumulated, Bitcoin registers a drop of more than 3%. Its market value is around US$ 2,07 trillion, maintaining a dominance of more than 61% over altcoins.
The largest cryptocurrencies remain in the red. Ethereum (ETH) is trading at $2.509,18, down 1,22% on the day. Solana (SOL) is trading at $153,36, while XRP is down 2,147% to $1,04.
BNB (Binance Coin) is trading at $652,90, also in decline. Dogecoin (DOGE) is falling to $0,1915, and Cardano (ADA) is falling to $0,671. TRON (TRX) is stable, with a small increase of 0,15%, trading at $0,2680.
Amid widespread losses, the positive highlight of the day goes to Flare (FLR), which rose 7% in the last 24 hours. The appreciation attracted attention because it occurred at a time of correction in the broader market.
In total, the cryptocurrency market cap has fallen by more than $250 billion in seven days, now trading below the $3,4 trillion mark. Global trade tensions and political caution continue to have a direct impact on crypto investors’ risk appetite.
