BTC Slides 1.94% Amid Profit-Taking and Macro Pressures Despite $2.5B Trump Media Acquisition
Bitcoin is currently trading at $107,772.73, down 1.94% over the past 24 hours with increased trading volume, following a recent high of $111,814 and a market capitalization of approximately $2.16 trillion. The price decline is attributed to profit-taking by long-term holders, broader risk-off sentiment driven by declines in traditional equity markets, and macroeconomic concerns such as inflation and anticipated interest rate hikes, despite continued institutional interest and major announcements like Trump Media’s $2.5 billion Bitcoin acquisition and ongoing regulatory optimism in the US.