Despite Market Sell-Off, Bitcoin Holds Strong as ETH and DOGE Deliver Leading Gains

Bitcoin Brushes Off Market Jitters, Holds Steady Above $105K as Crypto Rebounds

Amid growing geopolitical strain and a turbulent start to the week, Bitcoin is proving its staying power.

Despite nearly $1 billion in crypto liquidations triggered by weekend and Monday sell-offs, Bitcoin (BTC) remained resilient, trading at $106,796.37 on Tuesday. The world’s largest cryptocurrency hovered confidently above $105,000, easing fears that the recent volatility would deepen.

Crypto markets showed signs of stabilization across the board. Ether (ETH) led the recovery with a 4.5% jump to $2,635.26, driven by internal changes at the Ethereum Foundation. The organization has shifted focus to core protocol development, a move interpreted by investors as a commitment to long-term competitiveness — and one that boosted confidence in the second-largest token.

Dogecoin (DOGE) wasn’t far behind, gaining 3%, while Solana (SOL), Cardano (ADA), XRP, and BNB each posted gains up to 2.5%. The CoinDesk 20 Index (CD20), tracking the biggest and most liquid tokens, ended the day up 2%, reflecting broad optimism.

Still, analysts say the recent surge could be running out of steam.

“We’re seeing a pause that looks like natural market digestion after a powerful move higher,” said Ryan Lee, Chief Analyst at Bitget Research, in a note shared with CoinDesk. “Trading volumes remain high, but the momentum is softening.”

Lee expects BTC to remain range-bound between $103,000 and $108,000, with $100,000 forming a key psychological floor. A drop below that could open the door to a test of $97,000–$93,000, though Lee notes that whale accumulation remains strong — a bullish indicator suggesting that any dip might be short-lived.

For Ethereum, resistance at $2,800 has proven sticky. “We’re seeing repeated rejections and long upper wicks around that level,” Lee said. “Until ETH can decisively push past $2,810, upside may remain limited.”

From a macro perspective, the outlook for Bitcoin remains encouraging.

“BTC continues to outperform most asset classes year-to-date, especially when compared to equities,” said Augustine Fan, Head of Insights at SignalPlus. “But signs are emerging that more experienced holders are locking in profits, leaving newer participants to drive buying.”

Mounting trade tension between the U.S. and China, fueled by fresh tariff threats, is adding a layer of complexity to the current risk environment. In a market note on Monday, Singapore-based QCP Capital warned of increased volatility as investors eye policy developments set for early July.

Still, QCP remained optimistic about Bitcoin’s positioning. “BTC continues to hold the top spot,” the firm said, reinforcing the asset’s role as a market bellwether even as external pressures build.