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Bitcoin hovers near $105,000 as global crypto market cap slips 1.37%
Bitcoin remained range-bound around $105,000 while global crypto market cap dipped 1.37% to $3.54 trillion amid cautious investor sentiment.
Bitcoin traded between $104,667 and $107,500 in the past 24 hours, settling around $105,334 as broader cryptocurrency markets consolidated. The total global crypto market capitalization stood at $3.54 trillion, down 1.37%, as traders reacted to mixed macro signals and profit-taking across major tokens. Trading volumes moderated, while stablecoins maintained market share.
Despite volatility, network activity on Bitcoin and Ethereum remained elevated, indicating healthy transaction flows. Analysts expect short-term consolidation before directional movement emerges depending on macro data releases and Federal Reserve rate outlook.