BTC Holds Near Record Highs Despite 2.4% Dip Amid Trade Tensions and Profit-Taking

Bitcoin is currently trading at $108,727.25 on Binance, down 2.41% over the past 24 hours from an open of $111,412.23, with trading volumes remaining robust but showing signs of cooling after recent record highs. The price decline in the last 24 hours is primarily attributed to renewed trade tensions following tariff announcements by President Trump, profit-taking by investors after Bitcoin reached a new all-time high of $111,970, and concerns about potential market overheating as indicated by technical metrics. Despite the pullback, institutional inflows remain strong, as seen in recent ETF activity and continued high open interest in BTC futures, supporting overall market stability near historic price levels.