BTC dips below $103k after failing to hit a new all-time high

Cryptowisser · 2025-05-19T07:27:54+00:00

Bitcoin briefly touched $107k but dropped to $102k, while Metaplanet bought 1,004 BTC for $104 million. Altcoins like Ether and Solana are down amid Bitcoin's decline, leading to a 1% drop in the total cryptocurrency market cap to $3.23 trillion.

Cryptowisser

2025-05-19 07:27:54

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TL;DR

Bitcoin is trading around $102,400 after hitting the $107k mark earlier today.
Metaplanet purchases an additional 1,004 bitcoins for $104 million, bringing its total holdings to 7,800 BTC.

BTC Hits $107k Before Dipping $102k as Metaplanet Adds More Bitcoins

Bitcoin, the leading cryptocurrency by market cap, failed to make a new all-time high after hitting the $107k level earlier today. The cryptocurrency rallied over the weekend, breaking above the $105k resistance level.

However, the rally failed to take out the $109k all-time high price. BTC has now dropped below $103k and currently trades at $102,417 per coin. It is down 1% in the last 24 hours but could rally higher in the near term.

The dip comes despite Metaplanet purchasing another 1,004 BTC for roughly $104.3 million. Based on current market prices, this purchase brings the Japanese investment firm’s total holdings to 7,800 BTC, worth about $806 million.

The firm began accumulating bitcoin in April 2024 as part of its crypto treasury strategy, steadily growing its holdings toward its goal of reaching 10,000 BTC by the end of 2025.

Altcoins in Red After a Weekend Rally

With Bitcoin dropping below $103k, altcoins are underperforming. Ether, the leading altcoin by market cap, is down nearly 5% in the last 24 hours and now trades at $2,381 per coin. The dip comes after Ether briefly reclaimed the $2,700 level last week.

Solana’s SOL and Cardano’s ADA both lost 5% of their values in the last 24 hours, while Tron (TRX) and XRP are down 3% each. Thanks to this bearish performance, the total cryptocurrency market cap has dipped 1% and now stands at $3.23 trillion.

BTC4,03%

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