Bitcoin and other digital currencies dipped early Thursday, with the largest digital coin in the world short of yet another all-time high after moving closer to a record over the last few days.
Bitcoin BTCUSD -2.34% traded at $107,736 Thursday morning, down 1.6% during the last 24 hours, based on CoinDesk data. It’s lower than an intraday high of $110,332 Wednesday, just about 1% below its record high of just short of $112,000 in mid May.
Among other cryptos, Ether ETHUSD -4.92% was down 1.1%, XRP XRPUSD -3.15% dropped 1.2% and Solana SOLUSD -6.30% fell 4.4%, all surrendering some of Wednesday’s gains following softer-than-expected inflation data.
The industry is stubbornly bullish, though.
“We’re not just watching Bitcoin break records—we’re seeing the end of an era. Volatility once defined crypto. Now, sustained strength points to a maturing market shaped by real-world utility, regulatory progress, and global adoption,” said Roshan Robert, U.S. CEO of OKX, a company that operates a crypto exchange and wallet.
Taking a historical and cyclical perspective, Bitcoin will be okay for another year or so, then have a down year in 2026, Cantor Fitzgerald analyst Brett Knoblauch said in an interview with Barron’s.
But the cryptoverse is changing. “We never had a pro-crypto administration or this amount of institutional adoption,” said Knoblauch, a managing director of crypto and digital assets research at the brokerage.
“Bitcoin is currently that world reserve to play against monetary debasement. I’m bullish on where it’s headed… I believe the overall environment is going to be very favorable for the next five or six months.”
