BTC Drops 3.26% After All-Time High, Yet Holds $2T Market Cap Amid Strong Institutional Activity

Bitcoin (BTCUSDT) experienced a notable price decline of 3.26% over the past 24 hours, falling from a 24h open of 108,042.82 to 104,525.28 on Binance. This drop follows a recent retreat from the all-time high of $110,295 reached earlier in June, with the pullback attributed to profit-taking after the rally, broader market volatility, and shifting sentiment across the crypto sector. Institutional activity remains strong, highlighted by Metaplanet Inc.'s acquisition of 1,112 BTC and ongoing capital inflows from major funds, while regulatory discussions and new product developments continue to shape market dynamics. Despite the recent decline, Bitcoin’s trading volume remains robust and its market capitalization stays above $2 trillion, demonstrating resilience relative to the wider crypto market, which has also seen declines.