Bitcoin is currently trading around $107,582, slightly down (roughly 1.7%) over the past day.
Here’s some of the latest market context:
📉 Short-term dip: Bitcoin dropped about 1.6% in the last 24 hours, pulling back from a peak near $110,332 yesterday .
🚀 Near record highs: It’s currently within a few thousand dollars of its all-time high (~$111,970–$112,000), reached on May 22, 2025 .
📊 Market sentiment: Analysts point to positive macro signals—like weaker inflation and an anticipation of Fed rate cuts—along with increasing institutional demand, as supportive fundamentals
