Bitcoin retreats after record high on Monday
News | By Easton Martin | July 15, 2025
Bitcoin’s price dropped sharply Tuesday after reaching a new all-time high on Monday. The world’s largest cryptocurrency had surged past $123,000 to set a fresh record, fueled by optimism over upcoming U.S. legislation aimed at clarifying digital asset regulations.
Investor enthusiasm also grew following renewed institutional interest and increased inflows into Bitcoin exchange-traded funds.
However, within 24 hours, Bitcoin slid to around $117,000, shedding several thousand dollars in value. The drop represents a decline of roughly 4 to 5 percent.
Analysts attribute the pullback to profit-taking, as traders who benefited from the recent rally began to cash out. Market data shows that approximately $3.5 billion in profits were realized during this brief window, triggering widespread sell-offs.
Despite the correction, Bitcoin remains significantly up for the year, gaining nearly 30 percent since January. Many experts view the decline as a healthy short-term adjustment rather than a sign of weakening momentum.
With continued interest from large financial institutions and a potentially favorable policy environment taking shape in Washington, the long-term outlook for Bitcoin remains positive.
As always, volatility is expected in the crypto market, but the broader trend continues to point upward for the digital asset.
