On the morning of Thursday, May 29, 2025, the price of Bitcoin (BTC) is trading at around $107,800, recording a decrease of 0.7% over the past 24 hours.

🔍 A quick overview of Bitcoin's performance:

Highest price of the day: $109,057

Lowest price of the day: $107,083

Market capitalization: approximately $2.15 trillion

24-hour trading volume: over $52 billion

📉 What lies behind the recent decline?

Profit-taking: Data indicates that profit-taking activity reached its highest level in three months, leading to selling pressure on the price.

U.S. economic data: Hopes for interest rate cuts by the Federal Reserve before September have faded, negatively impacting high-risk assets such as cryptocurrencies.

Bitcoin Conference 2025: Despite the conference being held in Las Vegas, it has not significantly stimulated the market.

🔮 Future predictions:

Despite the current decline, some analysts believe that the market is still in a bullish phase, with expectations for the price to reach levels between $130,000 and $1.5 million in the long term.