May 12, 2025 – Crypto Market Watch
Bitcoin (BTC) $BTC has slipped below the \$103,000 mark, trading at approximately \$102,727 as of 14:29 PM UTC, according to live data from Binance. This represents a 1.13% drop in the past 24 hours, signaling short-term volatility but also setting the stage for potential entry points for long-term investors.
Market analysts suggest the decline is linked to macroeconomic uncertainty, including U.S. inflation data due later this week and shifting institutional sentiment. Despite the dip, many traders view the pullback as a healthy correction following Bitcoin’s recent rally above \$105,000 last week.
"Corrections like this are normal and even necessary for sustained market growth," said Clara Mehta, lead analyst at ChainStrategies. $BTC "With Bitcoin still well above the \$100K psychological support level, it remains in bullish territory overall."
Meanwhile, institutional activity continues to rise, with several hedge funds reportedly accumulating BTC on the dip. On-chain data also shows increased wallet activity and steady hash rate levels, indicating ongoing confidence in Bitcoin's network $BTC fundamentals.
Looking ahead, crypto investors are closely watching Federal Reserve comments and potential ETF inflow data that could affect BTC’s short-term trajectory. If Bitcoin holds above \$100K support, a rebound to the \$105K–\$107K zone could materialize before the end of the week.
