Bitcoin's price is known for its significant volatility, experiencing both rapid increases and sharp declines. These fluctuations are influenced by a variety of factors including supply and demand dynamics, market sentiment, regulatory developments, technological advancements, and macroeconomic conditions. Historically, Bitcoin has seen dramatic price surges, often fueled by increased adoption, institutional interest, and media attention, followed by corrections where prices fall sharply due to profit-taking, negative news, or market uncertainty. For instance, Bitcoin reached an all-time high of around $109,000 in late 2024, after a period of substantial growth. However, it has also experienced significant drops, such as in early 2018 and mid-2021, where its value decreased by over 50% in relatively short periods. Currently, in early May 2025, Bitcoin is trading around $94,000, reflecting the ongoing dynamic nature of this cryptocurrency market.