BTC Hits New All-Time High After BlackRock’s $430.8M Buy, Pulls Back Amid Profit-Taking

Bitcoin is currently trading at $108,239.99 on Binance, down 2.33% over the past 24 hours, with trading volume elevated following significant institutional activity and recent price volatility. The price decline in the last 24 hours is primarily attributed to profit-taking after Bitcoin reached a new all-time high of $111,986.44 on May 22, 2025, alongside a large $430.8 million Bitcoin purchase by BlackRock that initially drove prices higher and increased spot trading volume. Technical indicators such as an RSI of 72 signaled overbought conditions, prompting a short-term correction, while continued optimism from regulatory developments and institutional inflows, including the approval of a Bitcoin reserve bill in Texas, have supported overall bullish sentiment despite the recent pullback.