Bitcoin fell to around $107,000 after a small weekend rally ended with heavy selling pressure, driven by US President Donald Trump’s remarks and large transfer activity by early crypto holders.
Trump focused on the Supreme Court case over the validity of his global tariffs, which is expected to be one of the most important trials in US history. He warned that limiting the president’s power to impose tariffs could weaken the country’s economic defenses.
The president also commented on tensions in Nigeria and Venezuela, throwing out several speculations and accusations. Trump warned that US troops could be sent to Nigeria or launch airstrikes, adding that a full-scale confrontation with Venezuela was unlikely.
In crypto markets, Lookonchain data showed that “Bitcoin OG” wallets had moved over $1.8 billion in BTC to exchanges, indicating a large sell-off that is adding to downward pressure on prices.
Bitcoin fell nearly $4,000 in a day to a low of $107,000, while altcoins also weakened with Ethereum falling to $3,700, BNB down 5%, and Dogecoin down more than 7%.
