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Bitcoin and key altcoins hold steady amid geopolitical market jitters

Bitcoin and key altcoins hold steady amid geopolitical market jitters

Crypto.NewsCrypto.News2025/06/03 16:00
By:By Grace AbidemiEdited by Dorian Batycka

Bitcoin holds firm above $105,000 global markets brace for turbulence amid renewed cross-border tensions.

Geopolitical trends often ripple strongly throughout the financial markets, not sparing assets from bloodbaths or rallies depending on the nature of the headlines. The renewed US-China tariff standoff is beginning to weigh on equity markets, with traders bracing for a potential spike in volatility as the stock markets slide. Despite the pressure, the crypto sector has held firm, led by Bitcoin ( BTC ) in a modest uptick in recent hours.

BTC briefly climbed above $106,000 before settling to trade at its current $105,425 at the time of writing, marking a rebound from its dip below $104,000 earlier in the week. 

Bitcoin and key altcoins hold steady amid geopolitical market jitters image 0 BTC’s 1-hour price movement| Source: crypto.news
 

Despite sitting 8% below its all-time high of $112,000, the crypto king remains at a distance from its peak, signaling underlying strength in its performance.

Altcoins including Ethereum ( ETH ), Solana ( SOL ), Cardano ( ADA ), Ripple ( XRP ) followed suit. Leading the charge, ETH and SOL notched approximately 5% in gains to trade at $2,605 and $160, respectively. ADA and XRP also held steady with upticks within the 3% range. 

Memecoins were not left out, joining the positive trend with impressive performance. Dogwifhat ( WIF ) and Popcat ( POPCAT ) surged as much as 16% over the past 24 hours, while others like Dogecoin ( DOGE ), Bonk ( BONK ), and Pepe ( PEPE ) followed with more modest gains of up to 5%.

Analysts describe Bitcoin’s current price action as a crucial ‘retest phase,’ as part of its effort to establish support before launching into the next leg of price discovery.

#BTC

It turns out that Bitcoin is still in the process of trying to fully confirm Price Discovery Uptrend 2

The retest is in progress and it has been in progress for the past few weeks now in an effort to finally springboard into uptrend continuation $BTC #Crypto #Bitcoin https://t.co/AcCUkWChrP

— Rekt Capital (@rektcapital) June 2, 2025

While gains remain modest, market watchers are excited for the uptrend in altcoins to continue . As sentiment improves, the current momentum could act as a springboard for a broader bull phase across the crypto market.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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