As of May 17, 2025, Bitcoin (BTC) is trading at approximately $103,409, experiencing a slight decline of 0.55% over the past 24 hours. The price has been fluctuating between $102,796 and $104,275 during the day.

Despite this minor dip, BTC maintains a strong position above the $100,000 mark, indicating a period of consolidation. Analysts suggest that the current stability is influenced by derivative market pressures, which are keeping the price within a narrow range of $100,000 to $105,000.

The overall cryptocurrency market cap has seen a slight decrease of 1.11%, now standing at $3.29 trillion. Bitcoin's dominance has increased to 62.38%, reflecting its continued leadership in the market.

Looking ahead, some experts predict that Bitcoin could reach $120,000 later this year, driven by strong institutional demand and favorable market conditions.

Stay tuned to Gate.io for the latest updates and trading opportunities.

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