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BTC Price Pulls Back After Recent ATH Despite New Bitcoin Reserve Announcements: Weekly Recap

  • Bitcoin's price retraced after reaching an all-time high of almost $112,000, facing resistance and dropping to under $105,000 over the past week.
  • BTC price decline was less severe compared to other cryptocurrencies like DOGE, SOL, ADA, SUI, LINK, and AVAX, with DOGE leading the downward trend with an 8% decrease.
  • Market data shows BTC at $105,630 (-2%), ETH at $2,590 (-2.9%), and XRP at $2.18 (-4.3%) with a total cryptocurrency market cap of $3.445 trillion.
  • Recent headlines include the SEC dropping a lawsuit against Binance, Telegram's uncertain $300M xAI deal, BlackRock's Bitcoin ETF seeing inflow, and 100 million people expected to own BTC soon.

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