BTC Pulls Back 2.23% After All-Time High as Institutional Inflows and Major Announcements Drive Volatility
Bitcoin is currently trading at $107,165.58, down 2.23% over the past 24 hours, with trading volumes and market capitalization remaining robust and Bitcoin maintaining a dominant market position. The recent price decline follows a period of heightened volatility after Bitcoin reached a new all-time high of $112,000 earlier in the week, driven by strong institutional inflows—including $211.74 million into Bitcoin ETFs and significant allocations to BlackRock’s IBIT ETF—as well as major announcements such as Trump Media’s $2.5 billion capital raise and plans to acquire Bitcoin for its corporate treasury. The current pullback is likely a result of profit-taking after the rally, short-term market consolidation, and broader crypto market corrections, despite ongoing institutional interest and favorable regulatory developments.