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Bitcoin Drops 3% to $101,000, Rebounds Amid Altcoin Decline

Coin WorldThursday, May 15, 2025 10:13 pm ET

1min read

Bitcoin experienced a significant price fluctuation recently, dropping to just above $101,000 before rebounding to above $104,000. This volatility was accompanied by a general decline in altcoins, which showed relatively weaker performance compared to Bitcoin.

According to Ruslan Lienkha, Chief Market Officer at YouHodler, the current pullback is likely a retracement within a larger mid-term uptrend. He attributed this to the slowing upward momentum in the stock market following the U.S.-China tariff delay, which has led short-term traders to lock in profits. This shift in sentiment has extended to higher-risk assets, including Bitcoin.

Kirill Kretov, Trading Automation Expert at CoinPanel, noted that price fluctuations below 5% are typically considered market noise. He suggested that part of the recent volatility could be due to profit-taking by traders who have realized gains after the recent uptrend. The thin liquidity in the market means that even minor sell-offs can quickly translate into significant pullbacks. Despite this short-term volatility, Kretov believes the overall price trend remains healthy, with no clear signs of an imminent peak.

Vetle Lunde, Senior Analyst at K33 Research, observed that Bitcoin has just emerged from one of the longest periods of negative funding rates, indicating a defensive positioning. He compared this to patterns seen in October 2023 and October 2024, which were not near previous market peaks. Lunde is optimistic about Bitcoin's prospects, stating that it has not shown signs of a bubble after surpassing $100,000, which could pave the way for a potential new high.

Steno Research highlighted that the tailwind for cryptocurrencies comes from the hidden expansion of private credit, particularly in the United States and Europe. Leading indicators suggest that the global financial landscape will improve in the summer, driven primarily by a weakening U.S. dollar. This positive outlook for the global financial landscape could further support the overall trend of Bitcoin and other cryptocurrencies.

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