Kraken Data Shows Bitcoin’s Sharp Decline Amid Geopolitical Uncertainty

Bitcoin's price experienced a significant drop, falling below the $103,000 support level as geopolitical tensions triggered a market sell-off. According to Kraken data, BTC declined by 7.7% from a swing high of $106,470 to a low of $98,277. The cryptocurrency now faces strong resistance at the $101,250 trendline and the $102,500 Fibonacci level. With BTC trading below both the $102,000 psychological threshold and the 100-hour moving average, the market structure appears bearish. This downturn highlights the sensitivity of digital assets to macroeconomic risks and reinforces the need for investors to monitor geopolitical developments closely.

Bitcoin Price Dives as Geopolitical Tensions Trigger Market Sell-Off

Bitcoin's price tumbled below the $103,000 support level amid escalating geopolitical risks, with Kraken data showing a 7.7% decline from the $106,470 swing high to a $98,277 low. The cryptocurrency now faces stiff resistance at the $101,250 trendline and the $102,500 Fibonacci level.

Market structure appears bearish as BTC trades below both the $102,000 psychological level and the 100-hour moving average. The current consolidation phase follows a liquidation cascade that wiped out nearly $8,000 in value within hours, reflecting heightened risk aversion across digital asset markets.

Traders are watching the $100,000 support zone closely - a breach could accelerate selling pressure toward the December 2023 consolidation range. The 50% retracement level at $102,500 now serves as a critical inflection point for any recovery attempt.

Ethereum Price Slides 10% as Market Sentiment Turns Cautious

Ethereum's price has tumbled below the $2,500 support level, mirroring Bitcoin's recent downturn. The second-largest cryptocurrency by market cap now faces consolidation NEAR $2,120 after a 10% decline, with traders eyeing potential recovery signals.

Technical indicators show ETH trading below both the $2,350 mark and its 100-hour moving average. A bearish trend line has formed with resistance at $2,280 on the hourly chart, while the $2,340 level represents a key Fibonacci retracement zone that could determine near-term momentum.

Market participants are watching for a decisive break above $2,320 to signal potential recovery. The current price action reflects broader caution in digital asset markets, though Ethereum's strong fundamentals continue to attract long-term investors.