Bitcoin price today: rebounds to $105k, but trade, economic jitters limit upside

Investing.com-- Bitcoin rebounded slightly on Tuesday, recouping some of its weekend losses, although crypto markets remained rangebound amid heightened uncertainty over U.S. trade tariffs and their economic impact. 

The world’s largest cryptocurrency had fallen as low as $103,000 over the weekend, as it faced extended profit-taking after a rush to record highs of nearly $112,000 earlier in May. 

But the crypto had steadily traded lower after making new highs, as traders sought more positive cues to spur more buying action. Strategy (NASDAQ:MSTR), formerly Microstrategy, recently purchased about $75 million worth of Bitcoin, but that did little to boost sentiment. 

Bitcoin rose 1.3% to $105,180.0 by 09:37 ET (05:19 GMT). 

Bitcoin rangebound amid tariff, economic uncertainty 

Bitcoin’s rangebound performance largely tracked weakness in broader risk-driven markets, amid heightened uncertainty over more U.S. trade tariffs and their economic impact.

Worsening rhetoric between the U.S. and China sparked concerns that the two will not agree to a permanent trade deal in the near-term, prolonging their dire tariff exchange and pressuring the global economy.

Risk appetite was also soured by reports that U.S.-Iran nuclear talks were close to breaking down, while geopolitical tensions between Russia and Ukraine remained high after Monday’s ceasefire talks yielded little progress.

While Bitcoin and crypto markets are not directly impacted by tariffs or geopolitics, they are vulnerable to any shifts in sentiment, due to their highly speculative nature. This attribute weighed on crypto markets in recent weeks, as optimism over more crypto-friendly regulation in the U.S. ran dry.

Speculation over pro-crypto regulation in Hong Kong also provided limited support. 

Coinbase knew about data leak months earlier- Reuters 

Crypto exchange Coinbase Global Inc (NASDAQ:COIN) knew about a recent data leak months before it was publicly disclosed, Reuters reported on Monday. The leak could reportedly cost Coinbase up to $400 million. 

The breach was linked to an outsourcing firm in India, and resulted in hackers obtaining customer information, which they then ransomed to the exchange for $20 million. 

But the Reuters report suggests that the exchange was well aware of the breach much before it was disclosed in a mid-May filing. 

Robinhood (NASDAQ:HOOD) completes the $200 million Bitstamp acquisition

Robinhood has finalized its $200 million acquisition of Bitstamp, in a move that aims to accelerate its global expansion.

The deal, first announced in June 2024, closed within the expected timeline of the first half of 2025, following regulatory approvals.

Bitstamp, established in 2011 as a European alternative to Mt. Gox, is the longest-running crypto exchange. It offers over 85 digital assets and holds more than 50 regulatory licenses worldwide.

The acquisition gives Robinhood access to Bitstamp’s retail user base across the EU, U.K., U.S., and Asia, and marks its entry into the institutional crypto market.

Crypto price today: altcoins recover from weekend losses, gains limited

Broader crypto prices advanced on Tuesday after sinking over the weekend, although gains across most altcoins were limited. 

World no.2 crypto Ether rose over 4% to $2,615.01, while XRP added 2.7% to $2.21.

Solana and Cardano climbed 4% and 2%, respectively, while Polygon advanced 1.4%.

Among meme tokens, Dogecoin rose 2.1%, while $TRUMP inched higher 0.8%.

(Ambar Warrick contributed to this report.)