Bitcoin and Ethereum Retreat as Traders Lock in Profits
đ Market Performance
Bitcoin (BTC) is trading around $107,221, down ~2.3% intraday after reaching a high near $110,277 .
Ethereum (ETH) sits at approximately $2,753, down ~1.7% on the day, with a peak close to $2,871 .
Global crypto market cap is hovering between $3.37âŻââŻ3.45 trillion, dipping about 1.7âŻââŻ2.5% in the past 24 hours .
đ¨ Whatâs Driving the Moves
A modest pullback followed yesterdayâs highsâBitcoin flirted with a record $110â112K before tapering off .
Softer inflation data and a weaker U.S. dollar (DXY falling below 98) have fueled optimism around risk assetsâand crypto temporarily rode that wave .
Despite the dip, onâchain and social sentiment remain upbeat: Bitcoin sentiment hit a 7âmonth high .
đ° Key News Highlights
Institutional involvement is deepening: Major businesses are boosting crypto holdings in reserves, with calls for caution due to leverage risks .
Stablecoin expansion continues: The stablecoin market hit $247 billion, nearly 10% the size of U.S. physical cash, with regulators steering in via the GENIUS Act .
Binance resumes service in Syria after U.S. sanctions were lifted, boosting global access .
đ Overall Take
Short term: Profit-taking is causing a mild pullback following recent all-time highs.
Mediumâlong term: Maturing market with rising institutional acceptance, stablecoin prominence, and regulatory momentum echo a bullish structural outlook.
