$BTC BTC Down 2.72% Amid Spike in Volatility, Surge in Volume of $67 Billion, and Strong ETF Inflows

Bitcoin (BTCUSDT) experienced a price drop of 2.72% in the last 24 hours, now trading at $104,752.35 on Binance, down from a 24-hour opening of $107,679.73. This price decline is primarily attributed to increasing market volatility following recent geopolitical tensions and routine profit-taking after the previous BTC rally to weekly highs above $110,000. Despite strong institutional interest, as evidenced by Bitcoin spot ETF inflows of $164.57 million and ongoing positive sentiment, the market faced selling at the end of the day and a shift towards a more cautious sentiment. BTC trading volume surged by 32% to $67.32 billion, and Bitcoin maintained its dominant market position with a capitalization of around $2.06–$2.07 trillion and a dominance rate of 63.6%. Overall, the current correction is viewed as a normal response to recent gains and broader macroeconomic factors.