BTC Sees 2.39% Dip After All-Time High

Bitcoin is currently trading at $108,108.16, down 2.39% over the past 24 hours, with a 24-hour trading volume of approximately $28.21 billion and a market capitalization near $2.15 trillion, representing a 63.31% market dominance. The recent price decline is attributed to a combination of profit-taking after reaching an all-time high of $109,026.02, a general decrease in overall crypto market trading volume, and broader market consolidation, despite ongoing significant institutional activity such as large inflows into Bitcoin spot ETFs, MicroStrategy’s $2.1 billion convertible note issuance for additional BTC purchases, and major acquisitions by entities like Basel Medical Group. The presence of a notable CME gap at $107,328 and increased institutional trading volumes suggest continued interest from large investors, while the Texas House’s move toward a state Bitcoin reserve and Sweden’s first public Bitcoin treasury company highlight growing adoption, all contributing to sustained optimism in the market despite short-term volatility.