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As of May 19, 2025, Bitcoin (BTC) experienced significant volatility, reflecting the broader uncertainty in the cryptocurrency market. The price surged to a high of $106,847.62 before retreating to around $103,011, marking a 0.9% decline over the past 24 hours . This fluctuation led to over $600 million in crypto derivatives positions being liquidated, catching both bullish and bearish traders off guard .
Despite the price dip, institutional interest in Bitcoin remains strong. Michael Saylor's Strategy acquired 7,390 BTC for approximately $765 million, while Japan's Metaplanet added 1,004 BTC to its holdings . These acquisitions underscore a growing trend of corporate accumulation, even amid market turbulence.
The recent volatility is attributed to a combination of factors, including macroeconomic concerns like the U.S. credit rating downgrade and inflation fears . Additionally, the crypto market's overall capitalization decreased by 3.3% over the last 24 hours, now standing at $3.36 trillion .
In summary, while Bitcoin's price has faced short-term setbacks, the sustained interest from institutional investors suggests confidence in its long-term value proposition.