He cryptocurrency market It falls this Thursday, June 12. Bitcoin falls 2.2% Au $ s105,964.8 and moves away from its historical maximum, according to Binance. Meanwhile, Ethereum yields 4.2% Au $ S2.638. The rest of the cryptocurrencies yields up to 6%headed by Dogecoin, Chainlink (-5.5%), Shiba Inu (-5.2%).
A technical correction rather than a trend change
According to platform analysts Mudrexthe current setback responds to a “Routine consolidation”based on Technical signalsmore than a structural weakness of the market. They emphasize that Bitcoin ETFs continue to receive positive flowsand that Key support levels remain firmwhich could make way for a resumption of the upward trend in the short term.
“Meanwhile, the Altcoins are beginning to capture more attention, which suggests that we could see a broader rebound in the near future,” they explained from Mudrex. “Traders must monitor liquidity areas and rupture levels to anticipate the next significant movement.”
The global context imposes caution
At the international level, the Geopolitical and commercial volatility affects the appetite for risk assets. While the Agreement between the United States and China It was initially received with optimism, its limited scope has generated skepticism. The pact focuses on the export of rare earths, but Maintains intact key tariffs: a 55% about Chinese products and a 10% on US exports.
“The good police strategy-bad policy between Trump and the secretary of the Treasury, Scott Besent, generates a tense negotiation climate,” he said Matt BritzmanHargreaves Lansdown analyst. “Several countries prepare for sanctions if they do not cooperate with the US, which does not favor markets.”
In addition, differences persist in the commercial front with the European Unionalthough from the American treasure they left open the possibility of extending the term of negotiations beyond July 9.
Inflation, rates and tensions in the Middle East
Another factor that weighs on markets is the recent publication of the Consumer Price Index (CPI) In the United States. May’s data was lower than expectedboth in its general and the underlying version, but the strong employment growth reinforces the expectation that Federal Reserve will keep the rates without changes for longer.
Although the markets discount a cut towards the end of the year, the Fed position remains cautious, something that has caused criticism by President Trump, which seeks to reactivate the economy in the middle of the electoral year.
In parallel, the Tensions in the Middle East They add pressure. The United States has issued a warning to its citizens to abandon Iraqand prepare a partial evacuation of its embassy in Baghdad. The possibility of an attack of Israel against Iran’s nuclear program Relavive the fears of a regional escalation. Trump, meanwhile, acknowledged that It is unlikely an agreement with Iran in the short term.
Gold rises and bitcoin yields
In this context, the Gold rose againbenefiting from its traditional status of shelter. This movement usually impacts Bitcoin in the short term, since Some investors temporarily migrate to more traditional assets during episodes of high geopolitical uncertainty.
However, analysts agree that this correlation is less and less markedand that Bitcoin has demonstrated the ability to recover quickly after corrections promoted by external factors.
Source: Ambito
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