BTC Dips 2.78% to $101,741 Amid Profit-Taking, Circle IPO Volatility, and Bullish ETF Inflows

Bitcoin (BTCUSDT) is currently trading at $101,741.75 on Binance, with a 24-hour price change of -2.78% from an open of $104,651.17. The recent price decline is primarily attributed to profit-taking by investors following Bitcoin’s approach to an all-time high near $112,000, as well as increased market volatility triggered by Circle’s IPO on the NYSE, which led some traders to anticipate a similar market reaction as seen during previous major crypto listings. Additional factors influencing price action include ongoing regulatory discussions and macroeconomic uncertainty, while positive drivers such as institutional adoption, strong ETF inflows, and whale accumulation have supported the broader uptrend. Over the past 24 hours, Bitcoin has seen heightened trading activity, with a market capitalization above $2 trillion and continued bullish sentiment despite the short-term pullback.