Bitcoin Bounces Back Impressively Post-Tumble; Ethereum and Dogecoin Lead Rally Among Major Coins

Despite ongoing trade tensions and a wave of liquidations shaking global markets, Bitcoin continues to demonstrate notable resilience, hinting at underlying strength.

Bitcoin (BTC) remained steady above $105,000 on Tuesday, recovering from a weekend and Monday sell-off that triggered nearly $1 billion in liquidations and unsettled many traders.

Ether (ETH) led the major cryptocurrencies with a 4.5% gain. The boost comes as the Ethereum Foundation restructures its team to sharpen focus on protocol development, a move that has sparked bullish sentiment around the world’s second-largest token.

Other notable gainers included Dogecoin (DOGE), which climbed 3%, followed by Solana (SOL), Cardano (ADA), XRP, and Binance Coin (BNB), all rising by up to 2.5%. The CoinDesk 20 (CD20) index, tracking the top tokens by market capitalization, rose 2%, reflecting broad-based strength.

After several weeks of upward momentum, some traders are now cautious, watching for signs that Bitcoin’s rally may be pausing. Technical indicators suggest a potential slowdown.

“Bitcoin hovering around $105,000 is a natural cooldown following a strong rally,” explained Ryan Lee, Chief Analyst at Bitget Research. “Elevated trading volumes paired with steady interest now point to some fatigue.”

Lee expects Bitcoin to consolidate between $103,000 and $108,000, with the $100,000 mark serving as crucial psychological support. Should that support falter, prices could test lower levels near $97,000 to $93,000.

On-chain data reveals continued accumulation by whales, a generally bullish signal that any dips might offer attractive entry points.

For Ethereum, Lee noted hesitation around the $2,800 level, where repeated rejections suggest momentum is capped unless ETH breaks decisively above $2,810.

Looking at the bigger picture, Bitcoin’s macro outlook remains robust.

“Year-to-date, Bitcoin has outperformed both equities and many macro assets,” said Augustine Fan, Head of Insights at SignalPlus. “However, short-term challenges may lie ahead as experienced traders begin to take profits, even as broader market interest grows.”

Geopolitical risks are also influencing market sentiment. Renewed tariff news and ongoing U.S.-China trade tensions are fueling volatility expectations, with important policy deadlines approaching in early July, according to Singapore-based QCP Capital.

For now, Bitcoin continues to hold its position at the “top of the pecking order,” proving its strength amid uncertainty.