BTC Drops 3.71% After Nearing All-Time High—Profit-Taking and Fed Outlook Shape Market Moves

Bitcoin (BTCUSDT) experienced a 3.71% decline over the past 24 hours on Binance, with the price falling from 107,669.21 to 103,669.87. This pullback follows a recent rally driven by strong institutional demand, major ETF inflows, and positive regulatory developments, such as Vietnam's new cryptocurrency law and Metaplanet's significant BTC acquisition. However, the price correction appears linked to profit-taking after BTC neared its all-time high of $112,000, as well as market sensitivity to upcoming macroeconomic data and Federal Reserve policy expectations. Despite the short-term decline, Bitcoin remains highly liquid and active, with a current market capitalization around $2.13 trillion and 24-hour trading volumes between $31 billion and $52 billion, reflecting ongoing global investor interest.