Bitcoin Holds $105K as US Bank Stocks Recover, Trump Truce Lifts Sentiment

Why It Matters

The developments reduce near-term tail risks for risk assets and could support a resumption of Bitcoin’s uptrend, though lingering banking concerns leave upside vulnerable to further shocks.

Summary

Bitcoin slipped below $105,000 amid renewed US banking stress, but broader risk appetite improved as regional banks posted stronger-than-expected earnings and US bank stocks recovered. A reported political détente around former President Trump also lifted sentiment, helping equities and crypto regain footing. The developments reduce near-term tail risks for risk assets and could support a resumption of Bitcoin’s uptrend, though lingering banking concerns leave upside vulnerable to further shocks.