Bitcoin bounced back to $108,000 after briefly touching $106,000, closing its weekend CME futures gap amid volatile trading. The world’s largest cryptocurrency erased its divergence from gold, which continued to struggle after recent steep losses.
Analysts said Bitcoin’s price action remains unstable, with traders eyeing potential retests of $100,000 or lower. The renewed strength of the U.S. dollar also weighed on BTC, though the Dollar Index (DXY) slightly eased later in the day. Meanwhile, gold hovered near $4,000 after falling from record highs.
Crypto trader Roman noted
“The only reason we pumped was due to gold dumping. I don’t think this move has any validity Binance is hard selling everything.”
According to data, liquidity is building below $107,000, suggesting buyers may defend this zone. Daan Crypto Trades confirmed the CME gap had closed, adding that current price movement is “very choppy, illiquid, and volatile.”
Markets now await Friday’s U.S. Consumer Price Index (CPI) report the first major economic indicator since the government shutdown began. A softer CPI print could encourage optimism in risk assets, including Bitcoin. Trading firm QCP Capital said, “A 0.2% CPI would re-anchor the soft-landing trade and reinforce BTC’s upside as liquidity expectations improve.”
Top 5 Cryptocurrencies by Market Value
| Rank | Coin | Price (USD) | Market Cap (USD) | 24h Change |
| 1 | Bitcoin[1] (BTC) | $108,089 | $2.12 Trillion | -1.2% |
| 2 | Ethereum (ETH) | $3,580 | $430 Billion | -0.9% |
| 3 | Tether (USDT) | $1.00 | $115 Billion | +0.1% |
| 4 | BNB (BNB) | $625 | $90 Billion | -1.0% |
| 5 | Solana (SOL) | $195 | $87 Billion | +0.8% |
Bitcoin’s short-term recovery to $108,000 brings temporary relief, but volatility remains high ahead of the CPI data release. Traders are closely watching inflation signals that could shape the Federal Reserve’s next policy move and determine whether BTC holds above the $100K mark or faces another correction.