[Analysis] "Bitcoin falls below $105,000 ahead of Core PCE index release...Altcoins also decline"

Downward pressure is mounting across the virtual asset (cryptocurrency) market ahead of the release of the key U.S. inflation indicator (Core PCE).

On the 30th (local time), according to cryptocurrency-specialized media CoinDesk, Bitcoin (BTC) briefly fell below the $105,000 mark during European trading hours, recording a decline of approximately 3% over 24 hours. Analysis platform SoSoValue explained, "For the first time since May 13, there was a net outflow totaling $358 million (about ₩4,939 billion) from all 11 spot Bitcoin ETFs," adding, "This marks the largest daily outflow since March 11."

The reignition of U.S.-China trade conflict concerns, following President Trump's tariff-tightening policy stance, also appears to have dampened investor sentiment. Major altcoins such as Ethereum (ETH), Solana (SOL), and Dogecoin (DOGE) also declined collectively, while some tokens like OP, ARB, BONK, and PEPE recorded drops of more than 10%. The payment-specialized token XRP also fell below its 200-day simple moving average (SMA) on the same day.

The media noted, "Market participants are focusing on the upcoming release of the U.S. April personal consumption expenditures (PCE) price index and, in particular, on the Core PCE, which excludes volatile food and energy prices," adding, "This index is a key factor influencing the U.S. Federal Reserve (Fed)'s interest rate decisions."

Valentin Fournier, Senior Research Analyst at BRN, stated, "If signs of easing inflation emerge, the market may again reflect expectations of interest rate cuts, which could have a positive effect on Bitcoin and other risk assets."