After breaking record highs...Bitcoin's price plunges

Bloomingbit Newsroom

Summary

It was reported that the price of Bitcoin fell to the low $100,000s after surpassing $110,000.
The market has analyzed that uncertainties such as the U.S.-driven tariff risk and difficulties in trade negotiations are limiting upward momentum for Bitcoin.
Global investment banks and experts have maintained a mid- to long-term bullish outlook, mentioning the potential to reach $200,000 by year-end.

Last month, for the first time in history, the price of Bitcoin surpassed $110,000, but has since dropped to the low $100,000s. The market is paying close attention to whether Bitcoin's price can rebound in earnest next month, when the outline of trade negotiations between the United States and major countries is expected to emerge.

According to CoinMarketCap, a cryptocurrency market tracker, the price of Bitcoin has been declining after reaching a new all-time high late last month. On the 6th, it temporarily fell to around $100,300, even threatening to fall below the $100,000 mark. As a result, the Crypto Fear & Greed Index, which gauges investor sentiment, moved from the 'Greed' stage last month to the 'Neutral' stage this month.

Analysis suggests that Bitcoin will find it difficult to secure strong upward momentum this month. In particular, tariff risks originating from the United States are cited as the biggest obstacle. This is due to recent U.S. court rulings on reciprocal tariffs, setbacks in U.S.-China trade talks, and rising uncertainty on tariff policy during Trump's second administration. The conflict between Donald Trump, President of the United States, and Elon Musk, CEO of Tesla, which erupted via social networking services (SNS), also had a negative impact on Bitcoin.

The key variable is next month. The United States has set the 4th of next month as the deadline for trade negotiations with major economies. Hope is also rising that the Federal Reserve (Fed) may soon begin cutting interest rates. Global cryptocurrency exchange Bitfinex predicted that if institutional buying and weak employment indicators align, the price of Bitcoin could surpass $115,000 in early next month.

Experts believe the Bitcoin bull market is not over yet. Global investment bank Standard Chartered (SC) recently issued a report stating that Bitcoin’s price could reach $200,000 by the end of the year. Singapore-based digital asset investment firm QCP Capital commented, "Despite recent risk-aversion sentiment, companies are actually buying Bitcoin," adding, "(Despite tariff uncertainties and others,) Bitcoin's short-term volatility is expected to remain low."

By Junhyung Lee, BloomingBit reporter

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