- Bitcoin remains steady above $105,000 despite market uncertainty, while Dogecoin and Cardano lead altcoin losses.
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Tron emerges as the sole gainer among major tokens, rising 1.9%.
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Analysts remain cautiously optimistic about Bitcoin’s long-term trajectory, citing strong institutional interest.
The crypto market remained under pressure Thursday, as profit-taking and regulatory caution dragged down several altcoins. Dogecoin (DOGE) and Cardano’s ADA posted the steepest losses among top tokens, while Bitcoin held relatively firm, changing little in the past 24 hours.
Other major cryptocurrencies, including XRP, Solana (SOL), and Binance Coin (BNB), fell around 1.5%. Tron’s TRX was the only standout performer, gaining nearly 2% as broader sentiment wavered.
“Macroeconomic and policy uncertainties are clearly weighing on risk assets, and Bitcoin is no exception,” said Anna Liu, CEO of HashKey Tokenization. “Despite this, we view BTC as a strong strategic asset for long-term investors. Institutional interest remains evident, particularly through inflows into Bitcoin and Ethereum ETFs.”
Investor sentiment is still leaning bullish, with the Crypto Fear & Greed Index at 62, though slightly down from previous days.
Analysts are eyeing Bitcoin’s recent bounce from around $103,000 on May 31 as a possible launchpad for another rally. “If momentum continues, we could see a move toward new highs above $130,000,” said Alex Kuptsikevich, chief market analyst at FxPro.
Ether (ETH), meanwhile, is testing resistance at its 200-day moving average. A breakout above $2,700 could signal a renewed bullish phase.
Still, not everyone is betting on immediate gains. On-chain data platform CryptoQuant noted that Bitcoin could see a short-term correction to around $96,700—the average entry price for short-term holders—before resuming its upward trajectory.
