Bitcoin price has shown recovery over the weekend after U.S. President Donald Trump and Elon Musk’s public fallout caused the cryptocurrency to briefly plummet near $100,500.
The world’s largest cryptocurrency appears to have stabilized, holding steady at around $105,500 in the past 24 hours leading up to 11:00 p.m. on Sunday, according to The Block’s bitcoin price page.
However, analysts say bitcoin’s current standing is unstable.
“Trading above $105K signals strength, but structure remains fragile,” said Dominick John, analyst at Kronos Research. “With the Fear & Greed Index at 55, sentiment has balanced markets in a wait-and-see mode, looking for a macro trigger or confirmation of trend.”
HashKey Eco Labs CEO Kay Lu also stated that bitcoin is currently trading at a “delicate” range around key support levels, where nervous investors could easily panic and sell off their holdings at a single bearish news event.
Meanwhile, bitcoin’s price support above $105,000 has been bolstered by waves of institutions adopting bitcoin corporate treasuries.
“BTC has been supported by the ‘BTC for Corporations’ narrative, with more companies following Strategy’s playbook,” said Presto Research Analyst Min Jung.
Trump Media and Technology Group recently announced establishing a corporate bitcoin treasury with an offering of $2.5 billion, which GameStop followed by purchasing 4,710 BTC to stock up its treasury.
Bitcoin treasury mainstays Strategy and Metaplanet continue to show their conviction in the cryptocurrency with further buyings, with the Saylor-led company announcing its $1 billion perpetual preferred stock offering of STRD, the proceeds of which will be partly used for bitcoin purchases.
Watch for macro
Looking forward, analysts say bitcoin’s volatility in the short-term will shape around upcoming macroeconomic news.
“We could see volatility pick up mid-week … Both CPI and PPI are on the calendar, and any upside surprise in inflation data could weigh on risk assets broadly, including crypto,” said Jung.
The U.S. Consumer Price Index is scheduled to be released this Wednesday, with the Producer Price Index slated for the following day. These key U.S. economic indicators could provide insights on whether the Federal Reserve will cut interest rates in its next meeting on June 17.
The CMEGroup’s FedWatch Tool currently says there is a 99.9% chance that the Fed will keep its current interest rates at 4.25% to 4.50% in the next meeting.
“There likely won’t be much market movement before that happens unless US trade talks advance or run into roadblocks in the meantime,” said Jeff Mei, COO at BTSE.
© 2025 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
Trade Crypto On Coinhub Exchange
Trade Crypto On Coinhub Exchange
Stay ahead of the market by turning news insights into trading opportunities. With Coinhub Exchange, you can seamlessly buy, sell, and manage your digital assets, all in one secure platform. Take advantage of real-time market insights, deep liquidity, and fast execution for your favorite cryptocurrencies. Don’t just read about it — trade crypto now!
Disclaimer
The content of this article shown by Coinhub News, powered by The Block, is for informational purposes only and should not be construed as financial, legal, tax, or investment advice. Coinhub News and its affiliates are not a licensed financial advisor, legal advisor, broker, or tax advisor, and ... should not be considered as professional advice or a recommendation to engage in any specific investment, legal decision, or financial transaction. Cryptocurrency markets are highly speculative and volatile. Readers should perform their own independent research and consult with a qualified professional before making any financial or legal decisions. The opinions expressed in this article are those of the author and do not necessarily represent the views or opinions of the Company of its affiliates. Additionally, the Company does not make any representations or warranties regarding the accuracy, timeliness, reliability, or completeness of any information in this article. By accessing this content, you acknowledge that any reliance on the information contained in this article is solely at your own risk. The Company is not responsible for any financial losses, legal disputes, or other damages that may arise from reliance on this content or from any investment or legal decisions based on the information provided. Investing in cryptocurrencies involves substantial risks, including the risk of losing your entire investment, and you should carefully consider whether it is appropriate for your circumstances.
Read more
