Bitcoin Drops Mid-Day On Signs Of Intensifying Russia-Ukraine War

Trump "Putin Reveals Willingness to Retaliate against Ukraine"
BTC Touchs $104,000 In on Jun. 5...Altcoin Down 2% Intra Day
Experts "BTC Shortens Upside Catalyst...It Will Continue Sideways"

The cryptocurrency market, including Bitcoin (BTC), fell on the 5th as the war between Russia and Ukraine showed signs of intensifying again.

U.S. President Donald Trump said on his SNS "Truth Social" on the 5th that Russian President Vladimir Putin has claimed a retaliatory attack on Ukraine.

President Trump said, "President Putin has said very strongly that he will have to respond to Ukraine's recent attacks on Russian air bases." This means that President Putin has expressed his willingness to retaliate against Ukraine's recent destruction of dozens of aircraft, including Russian long-range bombers, in a surprise drone attack.

The asset market fell and the cryptocurrency market also fell when news broke that the quiet war would intensify again.

A number of altcoins fell about 2%, including Bitcoin touching the $104,000 level.

◇Bitcoin = Bitcoin price is $104,596 at 4:30 p.m. on Jun. 5, 2025. The Bitcoin share(dominance) was 64.12%.

The long(up) and short(down) betting ratios in the Bitcoin futures market stood at 38.40% and 61.60%, according to the on-chain analytics platform Sigbtc.

In the wake of a series of declines in Bitcoin, experts have also begun to predict the sideways movement of Bitcoin.

CoinTelegraph, a cryptocurrency media outlet, said, "Due to the current macroeconomic situation, there is a lack of catalysts to stimulate volatility in risky assets," adding, "Market participants expect Bitcoin to move in the box for the time being."

◇Upward Coin = The cryptocurrency that recorded the largest increase from the previous trading day at 4:30 p.m. on Jun. 4 was Aergo(AERGO), up about 11% on the day alone.

AERGO is a typical utility coin. Blockchain Mainnet Argo was developed by Blocosa in 2018.

According to the white paper, AERGO aims to build an ecosystem that encompasses distributed applications and secure cloud service providers with an "Enterprise-ready 4th generation blockchain protocol" combined with an IT platform.

◇Fear Greed Index = The digital asset fear-greed index provided by Alternative has entered the 'neutral' stage with 57 points. The neutral stage is a section where the psychological resistance and support of market participants appear, and important decision-making actions appear in future price movements.

The cryptocurrency relative strength index(RSI) provided by Sigbtc was 44.3, which was in a 'neutral' state. RSI sets the relative strength between the upward and downward pressure of a specific asset price and is an indicator of the over-purchase and over-sale of a specific asset.

권승원 기자 ksw@blockstreet.co.kr