As of Saturday, May 24, 2025, Bitcoin (BTC) is trading at approximately $108,225 USD, reflecting a 2.35% decrease over the past 24 hours.
This decline follows a recent all-time high of nearly $112,000 earlier this week. The drop is attributed to several factors:
Trade Tensions: President Trump's announcement of a 50% tariff on all EU imports and a 25% levy on imported Apple iPhones has unsettled markets, leading to a 4% dip in Bitcoin's price and triggering over $300 million in liquidations.
Profit-Taking: Short-term traders have realized approximately $11.6 billion in profits, contributing to the recent price consolidation.
Despite the short-term volatility, on-chain data indicates strong accumulation across all wallet cohorts, suggesting potential for further
gains.