Bitcoin (BTC) decreased by 0.7 %on Thursday morning to 104,696 dollars and returned its weekly gains. Increased profit realization and global macroeconomic uncertainties after record levels at the end of May seriously suppress the risk appetite in the crypto market.

📉 Weak Price Movement and Snow Realization

On-Chain Analysis company Glassnode, Bitcoin last week, “intense profit behavior” was observed, he said.

“For investors, only 8 %was more profitable. This shows that a strong profit collection process has been entered in the market,” he added.

According to Glassnode data, Bitcoin’s realized profit (Realized Profit) Metric has exceeded $ 500 million. This shows the total dollar -based profit of coins transferred over the chain.

📊 Simultaneous decrease in Altcoins

In parallel with Bitcoin’s price movement, the subcoins also depreciated:

Ethereum (ETH): $ 2,614 with a decrease of 0.4 %

XRP: $ 2,1998 with a drop of 1.7 %

Solana and Cardano: 2.6 %decrease

Polygon (MATIC): 2 %

Dogecoin: 3.3 %

Trump Token: 2.6 %

🧭 Macroeconomic effects and uncertainties

The slowdown in the US labor market was confirmed by the data released on Wednesday.

Trump and Chinese President Xi Jinping between the expected phone conversation between the expected phone conversation was not clear.

This increased the concern of trade wars, while reducing the interest in general risky assets.

Although the crypto market is not directly affected, it shows high volatility depending on sensitivity.

📰 Trump Media’s ETF move could not even support

Even the Trump Media & Technology Group’s advancement of Spot Bitcoin ETF plans could not give a serious morale. The company’s DJT shares increased by 0.18 %, while $ Trump Token lost 2.6 %.