According to The Block's price page, Bitcoin has dropped 1% in the last 24 hours to $106,013, while Ethereum is down 2.5%, trading at $2,423. The Block GMCI 30 index, which measures the performance of the top 30 cryptocurrencies, is down 2%.
Vincent Liu, chief information officer at Kronos Research, said: "The market is still in a period of cooling and consolidation, and participants are waiting for clarity from the July 3 announcement of initial jobless claims or broader macro solutions. At present, market liquidity remains weak and positions remain cautious."
Nick Ruck, head of LVRG Research, said bitcoin's decline was due to traders risk aversion ahead of the release of important US economic data. In addition, Trump's tax bill passed the Senate, raising concerns about the US deficit and the effectiveness of the bill.
Bitcoin fell to around $106,000 as traders shunned risk ahead of key U.S. data release
2025-07-02 05:04:03
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