Bitcoin experienced a 5% pullback following a clash between Elon Musk and US President Donald Trump, leading to the largest net taker volume decline of the year on Binance.
Market participants are closely monitoring Bitcoin's movement after rebounding from the $100,000 support level, showing resilience amidst recent volatility.
The political drama and macroeconomic uncertainties have injected new volatility into the crypto space, with rising US bond yields and global tensions impacting market sentiment.
Bitcoin's price action is currently testing key levels, with resistance between $104,600 and $107,000, and traders awaiting a potential breakout or correction.