BTC Drops 3.68% to $101,880 Amid Market Correction

Bitcoin experienced a moderate price decline over the past 24 hours, dropping 3.68% to $101,880.61 as of May 12, 2025, while maintaining a strong market capitalization of approximately $2.04 trillion. Despite this correction, Bitcoin remains up 10.69% for the week and 25.10% over the past month, reflecting continued investor interest and robust trading activity.

The current price movement is attributed to a market correction following recent gains driven by expectations of Federal Reserve rate cuts, increased institutional investment, and easing global trade tensions. Over the past month, 110,000 BTC were withdrawn from centralized exchanges, reducing exchange reserves and potentially contributing to reduced selling pressure. Bitcoin’s market dominance has slightly decreased from over 65% to 63.89%, indicating growing activity in other digital assets. Trading volumes remain high, with 24-hour volume between $25.76 billion and $36.04 billion, and circulating supply at 19.86 million BTC. The recent pullback follows a rally that brought Bitcoin close to its all-time high of $109,358.01, with current movements reflecting typical volatility after significant upward trends.