Bitcoin is trading below $105,000 amid Trump-Putin tension and more Russia and Ukraine fears. However, BTC could find support from JP Morgan as capital flows to the BTC Bull presale.
The total crypto market cap is down 3% in 24 hours, pushing its valuation to around $3.4 trillion. Although Bitcoin commands a market share of 61%, down from nearly 66% in late May, cracks are beginning to form.
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Bitcoin Cools Off
In the past day, Bitcoin fell below $105,000 and has yet to bounce above this critical level.
During this time, Bitcoin extended losses, shedding over 3.4% in the last week.
Technically, BTCUSDT is moving within a tight range with key support at $103,000.
If the coin resists attempts to push prices lower and breaks above $107,000 by the end of the week, Bitcoin is highly likely to reach $110,000 or even all-time highs.
If it does, it will pump tokens analysts think are the next 1000X projects.
Will BTCUSDT Recover? Focus on Russia-Ukraine, JPMorgan Plans
Several factors may have triggered the sell-off.
After weeks of hope that the Russia-Ukraine war would end, recent attacks on Russia and possibilities of retaliation have heightened fears, spooking markets.
Additionally, inflammatory rhetoric from Donald Trump, warning that Vladimir Putin is “playing with fire,” is causing further anxiety and restricting capital flows to risk-on assets like BTC.
On the positive side, JPMorgan’s decision to endorse Bitcoin could usher in a new adoption era.
On May 19, Jamie Dimon, the CEO of the global bank, who has historically criticized Bitcoin, allowed clients to buy BTC directly, a move that could accelerate crypto adoption.
However, Dimon clarified that they will not provide Bitcoin custodial services.
Yesterday, on June 4, JP Morgan also announced plans to allow holders of spot Bitcoin ETF shares to borrow loans using them as collateral.
Wow. JP Morgan is now offering their clients loans against Bitcoin ETF holdings…
Wall Street realizing that Bitcoin is pristine collateral. Liquid 24/7/365 globally. pic.twitter.com/6K6FzeaAdL
— Geiger Capital (@Geiger_Capital) June 4, 2025
By doing so, the bank effectively aligns spot Bitcoin ETF shares with equities and real estate, a major endorsement that may lead to the creation of more complex financial products.
Whether these recent endorsements of BTC are strategic remains to be seen.
In the past, JP Morgan analysts predicted Bitcoin would hit $150,000 by year-end, citing catalysts such as massive inflows into spot Bitcoin ETFs, growing state-level support, and rapid adoption by public companies like Strategy and MetaPlanet.
With regulatory tailwinds from the Trump administration, crypto and Bitcoin prices could rise in the coming months.
BTC Bull Presale Raises Over $6.8 Million
If Bitcoin reverses recent losses, smart investors believe doubling down on the BTC Bull presale could yield superior returns.
They could be right.
The BTC Bull project aims to reward token holders with real BTC based on how quickly the BTCUSDT price rises.
The first BTC airdrop will be done once BTCUSDT hits $150,000. Afterward, the project will distribute free BTC whenever the coin rises by $50,000, up to $1 million.
Additionally, BTC Bull will burn BTCBULL tokens once Bitcoin reaches $125,000, with further burns every time BTCUSDT increases by $25,000.
By reducing the total supply, BTC Bull may support higher token prices.
For what the project offers, BTC Bull is considered one of the hottest presales to buy right now, having raised over $6.8 million so far.
Currently, BTCBULL is trading at $0.00255. The presale ends in 24 days, and immediately after, the token will list on leading DEXes.
Presale investors can also stake their tokens, earning a 60% APY. Those who stake now increase their chances of earning more BTC once BTCUSDT crosses $150,000.
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Bitcoin Dips Below $105K Amid Trump-Putin Tension, BTC Bull Presale Soar
- Bitcoin weak, drops below $105,000
- Crypto sell-off due to Trump-Putin rhetoric and deteriorating Russia-Ukraine war fears
- The JP Morgan endorsement of Bitcoin in recent weeks may fast-track adoption
- BTC Bull presale on fire, over $6.8 million raised
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