BTC Price Drops 2.61% Amid $100 Billion Crypto Sell-Off, Trading Volume Surges 66%

Bitcoin (BTCUSDT) experienced a 2.61% price decline over the past 24 hours, with the current price at 115,143.79 USDT on Binance. This drop is primarily attributed to a recent market sell-off that resulted in over $100 billion being wiped from the total crypto market capitalization, as well as mixed analyst sentiment regarding short-term price direction. Increased trading activity, with a 66.40% surge in 24-hour volume to over $34 billion, reflects heightened volatility following the dip. Despite the decline, buyers are defending key support levels, and institutional interest remains strong, as evidenced by recent large acquisitions and continued high ETF trading volumes. Bitcoin maintains a dominant market position, accounting for approximately 59.4% of total crypto market capitalization.