Crypto price today: Bitcoin holds near $108k amid geopolitical cues; Altcoins slide up to 6%
cryptocurrency market
edged lower on Tuesday, with Bitcoin and major
altcoins
seeing mild declines amid a mix of geopolitical developments, macroeconomic events, and ongoing institutional interest.
As of 11:42 am IST, Bitcoin was trading 0.7% lower at $108,209, while Ethereum dropped 0.67% to $2,554, according to CoinMarketCap. The global crypto market capitalisation dipped 0.9% to $3.34 trillion.
Among notable altcoins, BNB, Solana, Tron, Dogecoin, Cardano, Sui, and Chainlink declined up to 3%. Hyperliquid was among the biggest losers, falling over 6% to $37.48.
Despite the subdued price action, analysts said underlying sentiment remains largely bullish, supported by improving global cues and sustained institutional activity.
'Bitcoin is holding firm near $108,000 as global sentiment improves following Trump's decision to delay the tariff deadline to August 1st,' said Edul Patel, Co-founder and CEO of Mudrex. 'Bitcoin futures have regained strength, with aggregated open interest rising 7% over the past month—marking the first sustained uptick since May.'
CoinSwitch's Markets Desk noted that Bitcoin had briefly touched intraday highs near $109,572 before retreating, largely due to fresh macro and geopolitical headlines. 'President Trump's new tariffs on Japan and South Korea and the delay in trade deadline from July 9 to August 1 triggered some caution in the market,' the firm said in a note. Ethereum also eased from its high of $2,585 to around $2,535, though analysts pointed to continued optimism due to staking demand and ETF exposure.
Sathvik Vishwanath, Co-founder and CEO of Unocoin, highlighted that Bitcoin's technicals remain strong. 'RSI is near 55, and BTC is holding above key moving averages. Resistance lies at $109K–$110K, and if breached, we could see a rally toward $112K–$115K. On the downside, a drop below $107K may lead to a correction toward $105K.'
Riya Sehgal, Research Analyst at Delta Exchange, flagged a corrective phase for Bitcoin. 'BTC is facing rejection from the supply zone between $109,680 and $110,400 and is currently under pressure below $108,484. Support lies at $107,306. A breakdown could drag prices toward $105,220.'
On Ethereum, Sehgal noted support at $2,520 and resistance at $2,600. 'A break below $2,500 could push ETH to $2,320, while a recovery above $2,600 opens the path to $2,720,' she added.
Despite the price consolidation,
institutional investors
appear to be accumulating digital assets. Spot Bitcoin ETFs saw inflows of $216.5 million as of July 7, while Ethereum ETFs attracted $62.1 million. Solana ETFs added $8.8 million.
'Semler Scientific acquired an additional 187 BTC, and Bit Digital reallocated fully into Ethereum, now holding over 100,000 ETH,' Sehgal said. 'These flows reflect continued institutional confidence despite short-term volatility.'
Also Read:
Crypto Gems: Top crypto assets to watch & buy in July 2025
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