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- Bitcoin Dips Below $108K Amid Macro Jitters as Altcoins Show Signs of Strength
Bitcoin Dips Below $108K Amid Macro Jitters as Altcoins Show Signs of Strength
Bitcoin struggles to hold above key levels amid rate hike fears, inflation worries, and trade tensions. Meanwhile, analysts highlight altcoins like SUI and SOL as potential breakout candidates.
Joe G & Money Talks
June 12, 2025 • Estimated Reading Time: 6 minutes
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Cooling inflation data wasn’t enough to keep Bitcoin above $108,000 as traders adjust to a hawkish Fed outlook.
1.7% daily drop: BTC slipped after failing to break resistance near $110,000.
No rate cuts in June: Markets now price a 99.8% chance the Fed holds steady.
Support at $106K in play: A close below could trigger more downside.
“As long as Bitcoin stays above $106,000, then there's nothing to worry about.”
Related: Bitcoin at the Crossroads: $100K Support, Political Power Plays, and airdrop scams flood the space
Sub-$100K BTC Wicks Now a Key Risk as China Tariffs Weigh
Bitcoin bulls must defend $100K as US-China tensions and rising tariffs shake market confidence.
55% China tariff: Traders fear broader economic fallout from trade deal terms.
Liquidity at $120K: Exchange data shows heavy resistance ahead, but limited bids below.
$100K = line in the sand: Analysts see this level as crucial support for long-term structure.
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