BTC Drops 3.49% Amid Volatility and Macroeconomic Shifts Despite $164.6M ETF Inflows

Bitcoin (BTCUSDT) experienced a 3.49% price decline over the past 24 hours, dropping from a 24h open of $107,739.58 to a current price of $103,980.01 on Binance. The price decrease is primarily attributed to profit-taking and heightened volatility following Bitcoin’s recent attempts to retest its all-time highs near $112,000, combined with macroeconomic uncertainty after new U.S. tariffs on China and the market’s reaction to the latest Consumer Price Index (CPI) data. Despite positive institutional inflows of $164.6 million via Bitcoin ETFs and ongoing legislative progress in the U.S. with the advancement of the GENIUS Act, trading volumes have declined, reflecting increased caution among market participants. Bitcoin’s market capitalization stands at approximately $2.13 trillion, with key resistance at $109,536–$111,000 and support at $106,000, as the market consolidates and awaits clearer directional signals.