BTC Price Drops 2.25% Amid Inflation Data and Institutional Moves, Market Volume Surges

Bitcoin (BTCUSDT) experienced a 2.25% price decline over the past 24 hours, with the current price at $115,454.98 according to Binance. The downturn is primarily attributed to increased risk aversion following higher U.S. producer price inflation data, which impacted overall market sentiment. Additionally, technical factors such as consolidation near key support levels and institutional activity, including large BTC deposits to exchanges, contributed to short-term volatility. The market remains active, with a 24-hour trading volume between $29.26 billion and $55.58 billion, and Bitcoin continues to lead the cryptocurrency sector with a market capitalization of approximately $2.3 trillion and a dominance of 57.69%.