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Bitcoin slides amid volatility as macro pressures and risk sentiment continue to impact the market

Bitcoin slides amid volatility as macro pressures and risk sentiment continue to impact the market

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金色财经金色财经2025/06/16 08:31

As of 16:00 (UTC+8) on June 16, Bitcoin (BTC) was last quoted at $106,380, having retreated from a four-day high of $110,300 to a low of $103,700, remaining in a weak and volatile range overall. Although there was a short-term attempt to rebound above $107,000, upward momentum was lacking and bearish sentiment continued to dominate. The broader crypto market also came under pressure. Ethereum (ETH) fell below $2,800, while major coins such as SOL and AVAX saw pullbacks of over 8% at one point. The total market capitalization dropped to around $3.18 trillion, with risk appetite still subdued. On-chain data shows a decline in retail trading activity and a slowdown in institutional capital inflows. On the macro front, both the CPI and PPI released in the US last week came in below expectations, but the Federal Reserve kept interest rates unchanged and signaled a hawkish stance, indicating there may be only one rate cut this year, which triggered a market adjustment. The US dollar strengthened in the short term, US Treasury yields rebounded, and risk assets faced renewed pressure. In addition, geopolitical uncertainties persist. Tensions in the Middle East remain unresolved, gold continues to rise, while Bitcoin’s response has been limited, once again raising doubts about its safe-haven status. On the regulatory side, the EU’s MiCA regulatory framework has entered the substantive implementation phase, with several compliant platforms receiving approval, which is expected to improve the industry’s fundamentals in the medium to long term. However, in the short term, the market remains driven by macro expectations and capital sentiment. Investors should pay close attention to risks and respond cautiously to market volatility.

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