Crypto price today: Bitcoin holds near $108k amid geopolitical cues; Altcoins slide up to 6%

The 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

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)