Bitcoin falls below $102,000 amid fading momentum and macro uncertainty

Bitcoin (BTC) fell sharply to a low of $101,500 on June 5, the sharpest decline in more than a month as a wave swept through the crypto market.

Drop changed investors’ sentiment and expanded multi-day slides caused by reduced demand from institutions.

The world’s largest cryptocurrency touched on the $101,500 low before stabilizing just over $102,000. Bitcoin has fallen more than 8% from its peak at nearly $112,000 last month, and further losses could continue as trust continues to erode.

Other top digital assets were also rejected. Ethereum (ETH) fell to a low of $2,506, down about 4% that day, while Solana (Sol) fell to $144, down about 8%. Additionally, BNB fell by more than 4% before attempting to stabilize.

Dogecoin (Doge) exceeded 8% to $0.169, while XRP fell by about 4% to a low of $2.11.

At the time of reporting, Bitcoin was trading at $101,900. With a 2.87% drop in the day, the Bulls tried to stabilize prices in the six-figure zone.

Momentum

The decline follows a sharp decline in inflows to spot Bitcoin ETFs, with fund data showing a weekly decline of 77%. The slower purchasing of facilities has removed the major source of support that has helped Bitcoin’s recent rally hit highs.

At the same time, large holders are cashing out after months of profit, putting more downward pressure. Data on the chain shows a growing profit acquisition and a wide range of market cool-offs following a period of rapid price increases across the crypto sector.

The tone among asset managers has also changed. Many cite uncertainty about the next move in the Federal Reserve as a reason to reduce exposure to volatile assets like codes.

Sales are not limited to crypto markets, and the overall financial markets are seeing a sharp decline in trading days.

Macro uncertainty

Traders have the advantage ahead of future US employment data and new comments expected from the Federal Reserve. Due to prolonged inflation, at still high rates, risk appetite is weakening across asset classes. Crypto is not spared, and many investors are moving to cash during volatility spikes.

A weaker than expected number could support a speed reduction debate, but could also intensify fear of slowing the economy. Earlier this week, the ADP Private Salary Report showed that job creation, the weakest print in over two years, is not full of expectations.

Meanwhile, geopolitical and macro uncertainties continue to survive amid tariff concerns and future interest rate decisions by major central banks.

In addition to uncertainty, leveraged strengths have fallen to their lowest levels since December. The rapid rewinding of these positions suggests that even the most aggressive bulls are retreating, at least for now.

If Bitcoin can’t hold the $100,000 line, traders will mark a big retracement from the 2025 high, hoping for a quick descent of under $97,000.