After Bitcoin rallied to trade around its all-time high in the past few weeks, its market price has shed more than $1000 in 24 hours to trade around $17,872.50 according to the data provided by CoinGecko. As a result, the asset is down approximately 10% from its all-time high. However, Bitcoin (BTC) price is up approximately 15.4% in the past 30 days and over 138% in the past one year. At the time of writing, BTC is trading at $18,236. The drop in BTC price has affected almost all top digital assets including Ethereum, XRP, BCH, and LTC that dropped 6.8%, 12.1%, 6.4%, and 7.4% respectively according to CoinGecko.

Bitcoin market price is still termed as highly volatile since it can move up to 10% or more in a day. However, the volatility is expected to decline as more institutional investors flock into the crypto industry and the market cap scales higher by the day. At the time of writing, Bitcoin had a market capitalization of $331,775,907,387, thus a market dominance of approximately 62%. Notably, Bitcoin's daily trading volume has significantly improved during the past three months despite having dropped in the past few weeks. Data by CoinGecko indicates that in the past 24 hours Bitcoin had a trading volume of $30,652,841,738. With Bitcoin price current pullback, experienced traders are said to be taking advantage and accumulating in accordance with the price action. However, the volatility is not all pleasing for some investors, particularly short term and inexperienced traders. Lucas Huang, head of growth at decentralized exchange Tokenlon, noted that from a retail trading perspective, "an 80% increase in bitcoin price over only two months might be a profit too tempting not to take."