Bitcoin Dips Ahead of 2025 Conference as Markets Eye Institutional Shifts

Bitcoin edged lower on Tuesday, holding near record highs as traders shifted their focus to the upcoming Bitcoin 2025 Conference in Las Vegas. The world’s largest cryptocurrency slipped 0.6% to $108,962.20 as of 01:58 ET (05:58 GMT), consolidating after last week’s all-time peak near $112,000.

Profit-taking and whale-driven sell-offs contributed to the pullback, though optimism over regulatory advances and growing institutional interest kept Bitcoin’s price well-supported. Last week’s surge came after the U.S. Senate advanced the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act, while Hong Kong’s legislature passed a pivotal stablecoin framework. Additionally, reports that major U.S. banks are exploring a joint stablecoin venture have bolstered sentiment.

The Bitcoin 2025 Conference, set to open today at the Venetian Expo in Las Vegas, is expected to draw over 30,000 attendees and 5,000 companies, featuring more than 400 speakers, including Michael Saylor, Justin Sun, Jack Mallers, Robinhood CEO Vlad Tenev, U.S. Vice President JD Vance, Senator Cynthia Lummis, SEC Commissioner Hester Peirce, and economist Peter Schiff. The event is anticipated to reinforce Bitcoin’s market momentum as it flirts with record highs.

In related news, Trump Media & Technology Group (TMTG), parent of Truth Social, denied a Financial Times report claiming it planned a $3 billion crypto fundraising drive, calling the report baseless.

Altcoins mirrored Bitcoin’s pullback, with Ethereum down 0.5% to $2,558.52, XRP dropping 2.3% to $2.2911, Solana falling 2.7%, Cardano shedding 1.9%, and Polygon losing 3%. Meme tokens also slipped, with Dogecoin down 1.8% and $TRUMP declining 2%.