Crypto Markets Slide as Bitcoin Drops Below $105K Amid Profit-Taking and Market Jitters

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Fear and Greed Index: Neutral

What's Crypto Fear & Greed Index?

The index ranges from 0 (Extreme Fear) to 100 (Extreme Greed), reflecting crypto market sentiment. A low value signals over-selling, while a high value warns of a potential market correction. This can be your basis on positioning your entries. You want to monitor the over greedy and fearful metrics to position either your longs and shorts.

The cryptocurrency market witnessed a notable downturn today as Bitcoin (BTC) fell below the $105,000 mark, triggering a broader decline across altcoins such as Ethereum (ETH), Binance Coin (BNB), and Cardano (ADA). This sudden drop comes just weeks after Bitcoin touched a new all-time high above $112,000. Crypto market took a hit after an argument between Tesla CEO Elon Musk and President Donald Trump on OBBBA meeting.

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Analysts attribute today’s selloff to a combination of profit-taking and macroeconomic uncertainty. After a strong rally through the spring, many investors appear to be cashing in on gains, especially as exchange-traded fund (ETF) inflows begin to slow, signaling a possible cooling of institutional interest.

Additionally, broader market sentiment has been dampened by a cautious outlook ahead of key U.S. economic reports, particularly the monthly jobs data. Investors are watching closely, as any signs of slowing job growth could affect expectations for Federal Reserve policy, which in turn impacts risk assets like cryptocurrencies.

Altcoins, often more volatile than Bitcoin, have seen steeper declines—many falling between 4% and 6%—as traders rotate capital into more stable positions or exit risk altogether.

Conclusion:

Today’s crypto selloff reflects a classic market cooldown after a period of sharp gains. While Bitcoin’s retreat below $105,000 may cause short-term uncertainty, the underlying support levels remain intact, suggesting that the broader bull cycle may not be over yet. Investors are advised to stay alert to macroeconomic signals and ETF flows, which will likely continue to steer the next major move in the digital asset space.