Bitcoin slips to $112 K amid rising selling pressure; Altcoins stay resilient

Bitcoin fell by nearly 2% in the past 24 hours to trade at a level of $112,698 on Tuesday amid rising selling pressure after U.S. President Donald Trump announced late on Friday a 100% tariff on Chinese imports and threatened export controls on critical software. Meanwhile, the altcoins have stayed resilient in the same time period.

As of 11:26 am IST, Ethereum was down by 1.58% at $4,069. Other major tokens—including BNB, XRP, Dogecoin, Tron, Cardano were down up to 2% whereas Solana and Hyperliquid surged up to 4%. Overall, the crypto market capitalisation went down by 1.02% to $3.85 trillion, according to CoinMarketCap.

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According to CoinDCX Research Team, “Bitcoin continues to face significant upward pressure as the price slides to $113,500, as selling volume escalates. This seems to have less impacted the other tokens within the top 10 as Ethereum sustains above $4100, BNB above $1200, and Solana above $200. However, XRP, Cardano, and Dogecoin are struggling to secure the range above their respective resistance.”

Avinash Shekhar, Co-Founder & CEO at Pi42, says that the crypto market is hitting the reset button as leverage clears and traders prepare for the next breakout. The market is undergoing a delicate reset as leveraged positions unwind, with Bitcoin consolidating above $113,000 amid mounting economic headwinds and tariff volatility. Liquidation cascades and excessive leverage contributed heavily to last week’s sharp pullback, but this clearing of overstretched positions may lay the groundwork for the next up-leg.”

“Ethereum’s open interest jumped 8.2%, signalling renewed speculative interest even in the midst of volatility. While momentum toward $125,000 could face delays due to macro drag and a reset in market structure, institutional buyers and inflows are already competing to reestablish footing. If Bitcoin regains its grip and Ethereum reclaims momentum, this correction could prove a valuable foundation rather than a breakdown. The key will be stability at lower supports and fresh catalyst alignment,” the expert from Pi42.

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Here is what other experts say

Parth Srivastava, Head of Quant at 9Point Capital’s Research Team

Bitcoin just flushed the leveraged longs and drove funding deeply negative. That’s not weakness; it’s a setup. When the market pays you to long, you don’t hesitate; this is the moment of edge, when despair becomes fuel for the rally.