Bitcoin (BTC) Surpasses 106,000 USDT Despite 24-Hour Drop of 2.21%
Bitcoin (BTC), the world's leading cryptocurrency, has climbed above 106,000 USDT, signaling continued market strength despite a recent pullback. Over the past 24 hours, $BTC has experienced a 2.21% decline, reflecting short-term profit-taking and broader market fluctuations.
Despite the dip, Bitcoin remains well above key psychological and technical support levels, showing resilience in the face of volatility. Analysts attribute the price correction to macroeconomic uncertainties, profit booking by traders, and shifts in investor sentiment.Still, BTC’s strong performance above 106K USDT indicates sustained interest from institutional and retail investors alike. Many market watchers believe this correction could be temporary, as bullish momentum continues to build around the potential for further adoption, regulatory clarity, and macroeconomic shifts favoring decentralized assets.As always, traders are advised to stay cautious and watch for support and resistance zones as volatility continues in the crypto markets.