Bitcoin Briefly Dips Below $106K Amid Market Uncertainty, Ethereum Eyes Breakout
On May 29, 2025, Bitcoin experienced a brief setback, dipping below $106,000 to approximately $105,750. However, it quickly recovered and currently trades at around $121,703.93, marking a slight increase of 0.18%. This pullback follows a multi-week rally, with Bitcoin maintaining an impressive streak by holding above the $100,000 mark for 20 consecutive days — a sign many analysts interpret as bullish momentum.
Ethereum, the second-largest cryptocurrency, is also in focus as analysts predict a potential breakout above the $3,000 threshold. While the broader crypto market faced declines, with several major cryptocurrencies dipping, the overall sentiment remains cautiously optimistic.
One of the challenges facing the market stems from uncertainty regarding U.S. tariffs, which appears to be dampening investor sentiment. Despite this, experts remain hopeful. Joel Kruger from LMAX Group highlights that bullish momentum still persists for Bitcoin, while Arthur Aziz points out that Ethereum is forming a bullish pattern, though he advises investors to be mindful of possible downside risks.
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