By CentBit.Online – Crypto & Blockchain Expert, Bangladesh
Bitcoin, the world’s leading cryptocurrency, has slipped below the $110,000 mark after weeks of strong upward momentum. As of today, BTC is trading in the $108,000–$109,000 range, reflecting a mild pullback amid broader market consolidation and short-term profit-taking.
📉 Key Highlights
| Metric | Value |
|---|---|
| Current Price | ~$108,500 (as of May 23, 2025) |
| 24-Hour Drop | Approximately -3.2% |
| Market Cap | Now just under $2.1 trillion |
| Support Level | Around $105,000–$107,000 |
| Resistance | ~$112,000+ |
🔍 Why Is Bitcoin Falling?
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Profit-Taking: After breaching multiple all-time highs in recent weeks, traders may be locking in profits.
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ETF Volume Spike Reaction: Spot Bitcoin ETFs recently hit a $4.5B trading volume day, suggesting overbought conditions.
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Macroeconomic Concerns: Global uncertainty surrounding interest rates and geopolitical tensions could be spooking risk markets.
📈 Still Bullish?
Despite the dip, sentiment remains bullish over the long term. Top analysts suggest that Bitcoin is merely consolidating before its next leg up.
“Corrections like this are normal in any bull market,” says crypto strategist Will Clemente. “Bitcoin pulling back 5–10% is healthy after rapid gains.”
🇧🇩 What It Means for Bangladesh Investors
For Bangladeshi crypto enthusiasts, this may represent:
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A buying opportunity if you believe in long-term growth.
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A moment to rebalance portfolios for risk management.
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An alert for caution if trading with high leverage or emotion.
Reminder from CentBit.Online: Always DYOR (Do Your Own Research) and invest responsibly.
🔮 What to Watch Next
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Support Test: Will Bitcoin hold the $105K–$108K support zone?
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ETF Flows: Continued inflows into U.S. spot ETFs may stabilize the market.
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Macro Events: Any Fed rate changes or geopolitical escalations could influence BTC’s path.
Final Word:
Bitcoin dipping below $110K isn’t a collapse—it’s a pause. In a market known for volatility, minor corrections are part of the climb. Keep your focus on fundamentals and long-term adoption trends.
For expert crypto coverage, global news, and insights tailored for Bangladesh, stay with CentBit.Online.
