BTC Retreats 3% After Record High, Faces $112K Resistance Amid Market Volatility and Regulatory Moves

Bitcoin is currently trading at $107,765.95 on Binance, down 3.30% over the past 24 hours from an opening price of $111,440.00, with a 24-hour trading volume of $28.21 billion and a market capitalization near $2.16 trillion. The recent price decline follows a period of strong gains, including a new all-time intraday high above $111,000 earlier this week, and is attributed to broader risk-off sentiment in global financial markets after a downturn in US equity indices, as well as technical resistance near the $112,000 level leading to short-term profit-taking and consolidation. Additional factors include ongoing regulatory developments, such as the US Senate advancing a stablecoin bill, and record highs in Bitcoin’s non-liquid supply, indicating increased long-term holding despite short-term volatility.