BTC Slides 2.44% Amid Fed Rate Uncertainty, Yet ETF Inflows and $2.15T Market Cap Signal Resilience
Bitcoin (BTCUSDT) declined by 2.44% over the past 24 hours, with the current price at $107,088.40 (down from a 24h open of $109,763.76). The price drop is primarily attributed to renewed uncertainty regarding imminent Federal Reserve rate cuts and persistent resistance near the $108,000 level, as well as a decrease in whale accumulation and reduced trading volumes. Despite large institutional inflows into Bitcoin ETFs (over $430 million, led by BlackRock IBIT and Fidelity FBTC) and positive macro developments such as softer U.S. inflation data, short-term volatility remains elevated. Bitcoin’s market capitalization is approximately $2.15 trillion, with a 24-hour trading volume of about $50 billion, as the asset consolidates within a broad $100,000–$120,000 range and technical indicators continue to favor a cautiously bullish outlook.