$BTC Bitcoin price today sustains above $103k. Can lower market volatility induce further upmove? Here's what experts say

Bitcoin_price_today_May_14_103490_crypto_markets_1747197823258_1747197823678.jpeg

Bitcoin was trading at $103,495.57 at 9.30 am today, up 1.57 per cent over the previous day, with the market capitalisation of the world's largest crypto token at $2.05 trillion. The trading volume for Bitcoin soared 20.52 per cent to $50.16 billion (up over the past 24 hours), data showed.

According to CoinMarketCap, Bitcoin's dominance in the overall crypto market is at 61.2 per cent. This represents the percentage of Bitcoin's total market cap compared to the total market cap of all other tokens combined.

Edul Patel, Co-founder and CEO of Mudrex, told Livemint that Bitcoin is hovering around $103,700 after briefly testing resistance at $105,000, supported by better-than-expected April CPI data at 2.3 per cent.