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Current Price: Approximately $106,033 USD, down 0.019% from the previous close.
24-Hour Range: Between $105,332 and $108,865 USD.
Bitcoin has dipped below $105,000, marking a 2.97% decrease over the past 24 hours. This decline is attributed to profit-taking and macroeconomic factors, including concerns over U.S. inflation and rising Treasury yields.
📊 Technical Analysis
BTC has broken below its 50-day moving average and a key bullish trend line, signaling potential further declines. The Relative Strength Index (RSI) indicates increased selling momentum.
🏦 Institutional Movements
BlackRock's Bitcoin ETF: Achieved a record $6.2 billion in inflows this May, reflecting strong institutional interest.
Cantor Fitzgerald: Announced a new Bitcoin fund offering downside protection linked to gold prices, aiming to attract cautious investors.
SOL Strategies Inc: Divested its Bitcoin holdings at $103,000, reallocating funds into Solana (SOL) as part of a strategic shift. 0 reply
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