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📈 Bitcoin Market Overview (Today)
Current Price: ~$105,332
Daily High: $108,247
Daily Low: $103,081
24-Hour Change: Down ~2.7%
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📰 Why is Bitcoin down today?
1. Geopolitical Tensions
Reports of Israel launching attacks on Iran have shaken global markets.
This kind of uncertainty often leads investors to pull out of riskier assets like Bitcoin, and move to safer options like gold.
2. Mass Liquidations
Over $1.16 billion in leveraged positions were liquidated in the last 24 hours, mostly long positions (people betting Bitcoin would go up).
This added downward pressure on the price.
3. Institutional Movements
Despite short-term volatility, institutions are still buying:
MicroStrategy and others are continuing to accumulate BTC.
Crypto influencer Anthony Pompliano is reportedly launching a $750 million Bitcoin investment vehicle.
Coinbase reports that institutional demand is expected to remain strong through the second half of 2025.