Bitcoin slipped 1.2% on Wednesday to $108,460, holding near last week’s record high of $112,000 as profit-taking and large “whale” trades trimmed some gains. Prices remain well supported by recent regulatory endorsements and growing institutional interest.
Profit-Taking Near All-Time Highs
After surging to record levels, Bitcoin saw a modest pullback—a common pattern when traders lock in gains. Real-time price and volume data from the Cryptocurrency Daily API show how this pullback compares to previous retreats, confirming that recent dips have been shallow and brief.
Conference-Driven Policy Boost
The ongoing Bitcoin 2025 Conference in Las Vegas injected fresh optimism:
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White House support: Digital Assets Advisor Bo Hines called Bitcoin “digital gold” and signaled plans to grow the U.S. Strategic Bitcoin Reserve.
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Legislative backing: Senator Cynthia Lummis announced President Trump’s backing for the BITCOIN Act, which would authorize the government to acquire up to 1 million BTC over five years, initially funded by confiscated coins.
For context on how Bitcoin prices historically react to major policy shifts, analysts refer to the Cryptocurrency Historical Data API, which tracks session-by-session returns and can highlight similar bullish windows.
