Bitcoin Near Its All-Time High but Faces Short-Term Retracement

Bitcoin is currently priced at $105,871, with a market cap of $2.10 trillion and trading volume near $31 billion in the past 24 hours. The price has slightly decreased over the last hour and 24 hours by approximately 0.32% and 0.90%, respectively, with a 3.31% decline over the past week. Its recent valuation shows proximity to its all-time high of $111,814, down 5.27% from that peak, indicating some retracement after reaching new highs. Over the past month, Bitcoin has experienced a modest increase of 1.87%, suggesting relative stabilization amid recent price fluctuations.