Bitcoin dipped 0.8% to $103,470 by 09:49 ET on Tuesday. Investors took profits following last week’s dramatic rise past $100,000 amid optimism from the temporary U.S.-China tariff truce.

Profit-Taking Activity and Trade Truce Influence

• After exceeding $105,000 last week due to news of a 90-day tariff pause in U.S.-China trade, Bitcoin retraced as traders capitalized on gains.

• The tariff agreement, which reduced U.S. tariffs from 145% to 30% and Chinese duties from 125% to 10%, continues to provide support for risk-heavy assets such as cryptocurrencies.

Focus on Inflation Data

Market participants are also weighing April’s CPI report, showing headline inflation declining to 2.3% YoY, slightly below expectations. Core CPI remains at 2.8%, suggesting persistent price pressures. Any signs of rekindled inflation may have implications for the Fed’s rate strategy and crypto market flows.

Regulatory Landscape: SEC Proposals Nearing Completion

In regard to regulation, SEC Chair Gary Gensler has outlined initiatives for new token distribution rules and exemptions, which could affect market sentiment moving forward.

Track Bitcoin in Real Time

To stay on top of pricing and volume trends, investors can use real-time tools to monitor Bitcoin’s performance and anticipate shifting market conditions.