Cryptos came under pressure as a potential U.S.-China trade war once again on the table.
Silver hit $50 per ounce for the first time ever, but that milestone sparked a fast bout of profit-taking.
The gold rally may need to cool before bitcoin could really gain momentum, suggested another analyst.
The pullback was a broad one, with altcoins like SOL, ADA, and XRP suffering even steeper declines.
Bitcoin's breakout suggests further upside above $130,000, but a pullback to $118,000 remain possible, Deribit's CCO said.
Open interest in BTC futures hits all-time high as Fed uncertainty and ETF hopes boost crypto sentiment.
Crypto markets began what is historically their strongest quarter on a positive note.
Following last week's big swoon, crypto markets returned to tracking gains in stocks and gold.
PCE inflation data matched analyst expectations, but leaves policymakers balancing sticky inflation with a softer labor market, Sygnum Bank's CIO noted.
Strategy (MSTR) plunged as much as 10% and is now lower year-to-date.
The U.S. economy grew 3.8% in the second quarter, much higher than previously reported, sending yields higher and risk assets lower.
BTC is on the brink of losing a key level that could see prices plunge to $93,000 before a stronger final quarter, Bitfinex analysts cautioned.
U.S. stocks opened sharply lower after the three day weekend, but have narrowed those losses.
Negative price action around the annual U.S.-based Bitcoin Conference has been well-documented, but it also appears to have applied to this week's Bitcoin Asia get-together.
Gold climbed nearly another 1% on Thursday to just below $3,500 per ounce.
Most cryptos have taken out their Sunday flash crash lows late in the U.S. session on Monday.
BTC only mounted a modest bounce from the overnight lows, while BNB hit a new record high and ETH, SOL rebounded 6%-7%.
Galaxy, SharpLink, BitMine were among the names that plunged nearly 10% as risk appetite faded and bitcoin sunk to $113,000.
The bubble in crypto treasury strategy companies deflated even further on Tuesday.
The current macro backdrop has rarely been more favorable for risk assets, and the market hasn't fully priced in what's coming, a report said.
Bitcoin also crossed back above $120,000, but it's underperforming much of the rest of the cryptocurrency sector.
Tuesday's CPI inflation data, followed by PPI report later this week, could make or break bitcoin's momentum, Bitfinex analysts said.
Bitcoin and stocks are at session lows late in U.S. afternoon trade on Friday.
Altcoins like SOL, AVAX, HYPE were down 4%-5% before paring losses, while BONK and PENGU plunged 10% then bounced back.
Heavy declines across altcoins extended into a second week, while bitcoin and ether showed relative strength amid growing macro uncertainty.
Bitcoin's dominance lost a key level, and confirmation could ignite a broader altcoin season, a Coinbase analyst noted.
It's more than a five-month high for ETH thanks to tailwinds from corporate ether treasury strategies and ETF inflows.
XRP, SUI and UNI outperformed as the broader crypto market started to digest the violent move higher over the past few days.
The new all-time high on Thursday follows multiple attempts to break above the $112,000 level.
The U.S. government has delayed its deadline to set tariffs to August 1, while Donald Trump threatened countries aligning with BRICS with extra levies.