Bitcoin sell-off to $93.5K is a brief hiccup — Data still supports new BTC highs in 2025

Date: 2025-05-05

Key takeaways:Bitcoin price slips, but BTC dominance is on the rise.Sizable purchases by Strategy and the spot BTC ETFs highlight institutional investors’ appetite for Bitcoin.Bitcoin’s (BTC) price has dropped by 4.3% in the last three days after nearly reaching $97,900 on May 2. Despite showing resilience at the $94,000 level on May 5, some traders are disappointed that strong institutional inflows have not been enough to maintain bullish momentum. However, several encouraging signs suggest that a new all-time high for Bitcoin in 2025 remains within reach.Bitcoin market share excluding stablecoins. Source: TradingView / CointelegraphBitcoin’s dominance over the broader cryptocurrency market has surged, currently standing at 70%, its highes...

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