Bitcoin (BTC) has slipped below the $110,000 mark, retreating from its recent all-time highs as broader market volatility weighed on crypto prices.
At the time of writing, Bitcoin is trading just under $110K, down from its peak of $116,000 earlier this week. The correction comes as traders take profits and market sentiment cools following record inflows into Bitcoin ETFs.
Key Points:
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BTC dips below $110K after hitting $116K recently.
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Analysts say the move is a healthy correction in an ongoing bull cycle.
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Despite the pullback, Bitcoin remains up more than 70% year-to-date.
CentBit Insight
Market watchers suggest that institutional demand and growing adoption remain strong, and many analysts view the current dip as a short-term retracement rather than the end of the rally.
