tldr; Bitcoin’s price faced rejection at $110,000 despite positive developments like a potential US-China trade deal and favorable US CPI data. After recovering from a previous dip below $100,500, Bitcoin briefly surged to $110,500 but failed to sustain the momentum, dropping over $2,500 to trade below $108,000. The total crypto market cap lost over $70 billion, with most altcoins, including DOGE, ADA, and LINK, experiencing significant declines. Bitcoin’s market dominance remains at 61%, while Ethereum and other major altcoins also saw minor losses.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
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Bitcoin’s recent rejection at $110K despite positive macroeconomic factors may be influenced by market volatility and supply dynamics, as recent data shows a significant drop in spot supply to levels last seen in August 2022. The US-China trade deal, while initially boosting Bitcoin’s price, has not resulted in sustained gains, indicating that external geopolitical factors continue to impact the cryptocurrency market.
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Why cant we have nice things?

tldr; Bitcoin’s price faced rejection at $110,000 despite positive developments like a potential US-China trade deal and favorable US CPI data. After recovering from a previous dip below $100,500, Bitcoin briefly surged to $110,500 but failed to sustain the momentum, dropping over $2,500 to trade below $108,000. The total crypto market cap lost over $70 billion, with most altcoins, including DOGE, ADA, and LINK, experiencing significant declines. Bitcoin’s market dominance remains at 61%, while Ethereum and other major altcoins also saw minor losses.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
Bitcoin’s recent rejection at $110K despite positive macroeconomic factors may be influenced by market volatility and supply dynamics, as recent data shows a significant drop in spot supply to levels last seen in August 2022. The US-China trade deal, while initially boosting Bitcoin’s price, has not resulted in sustained gains, indicating that external geopolitical factors continue to impact the cryptocurrency market.
* [How bitcoin price’s newest source of long-term support is evolving](https://www.cnbc.com/2025/06/12/how-bitcoin-prices-newest-source-of-long-term-support-is-evolving.html)
* [Bitcoin price history May 28, 2025 – Statista](https://www.statista.com/statistics/326707/bitcoin-price-index/)
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I want it to drop below 100k to load myself again
Ether baby, go ether
I hope it drops to 10k. I’ll be buying.
Faced rejection? What is this, high school prom season?