#MarketPullback As of Friday, May 23, 2025, the cryptocurrency market is experiencing a modest pullback following Bitcoin's recent all-time high.
Bitcoin (BTC) reached a new record of $111,970 on May 22 but has since retraced to around $109,495. This decline is attributed to profit-taking by short-term holders, as on-chain data indicates increased volumes to exchanges from this cohort .
Ethereum (ETH) is trading near $2,576, down from its intraday high of $2,721. Other major altcoins, including Binance Coin (BNB), Cardano (ADA), and XRP, are also experiencing slight declines, reflecting a broader market correction.
Despite the pullback, the overall market sentiment remains bullish. Bitcoin's market capitalization has surpassed $2.2 trillion, and derivatives data suggests continued institutional interest
As of Friday, May 23, 2025, the cryptocurrency market is experiencing a modest pullback following Bitcoin's recent all-time high.
Bitcoin (BTC) reached a new record of $111,970 on May 22 but has since retraced to around $109,495. This decline is attributed to profit-taking by short-term holders, as on-chain data indicates increased volumes to exchanges from this cohort .
Ethereum (ETH) is trading near $2,576, down from its intraday high of $2,721. Other major altcoins, including Binance Coin (BNB), Cardano (ADA), and XRP, are also experiencing slight declines, reflecting a broader market correction.
Despite the pullback, the overall market sentiment remains bullish. Bitcoin's market capitalization has surpassed $2.2 trillion, and derivatives data suggests continued institutional interest