At $116,403.94 (per CoinDesk Index), Bitcoin sits 5.49% below its all-time intraday high of $123,165.67 reached on July 14. This retreat snaps a two-day winning streak but maintains a 7.99% monthly gain. The current price represents a 78.54% increase from July 2024’s $65,196.34 and a 134.67% surge from August 2024’s low of $49,314.04.
Today’s 2.94% decline marks the largest single-day drop since June 22’s 3.27% fall. Intraday volatility intensified with prices dipping to $115,726.94, a 3.51% intraday decline that ranks as the steepest since June 17’s 4.86% plunge. These swings highlight ongoing price discovery in uncharted territory above $100,000.
Despite the pullback, year-to-date performance remains robust at +24.61%. The current consolidation follows a $15,000 rally from July 11 that tested key supply zones. Historical data suggests such retracements often precede renewed upward momentum if fundamental catalysts like ETF inflows or macroeconomic conditions improve.
