📆 Recent Trends & Market Context
BTC recently hit an all-time high of around $111,970 on May 22, 2025 .
Over the past two days, Bitcoin has dipped by ~1.6%, finding support in the $107K–$108K range .
May witnessed a strong run (+10.3%), driven by gains in BTC reaching near $112K .
A rare convergence has occurred—stocks, gold, and Bitcoin are all nearing record highs, fueled by a weak U.S. dollar and improved investor risk appetite .
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🔍 Drivers Behind Today's Movement
Take‑profits and light correction: Analysts suggest BTC is in a corrective phase after recent highs near $111K. Support is expected around $106K–$108K .
Macro backdrop: Cooling U.S. inflation and a weaker dollar are bolstering Bitcoin as investors seek inflation hedges .
Sentiment boost: Legislative developments like the GENIUS and CLARITY Acts are improving regulatory clarity for crypto .
