Bitcoin Faces Potential Pullback as Profit-Taking Kicks In

Bitcoin recently hit a record high, exceeding $111,880, but a sharp correction has sent its price down below $109,590 within just 36 hours. Experts believe this decline is driven by profit-taking activities from investors who cashed in during recent market gains. However, there’s some optimism as institutional investors are expected to help stabilize the market and mitigate potential losses.