Bitcoin Price Today Quoted at $103K While IP Drops 20%

• Bitcoin holds above $102K
• Altcoins accumulate significant losses
• Pi Network PI drops to $0,70

The price of Bitcoin today is quoted close to US$ 102.997 on 17/05/2025, registering a drop of almost 1% in the last 24 hours and a rise of 21.6% in the month.

Bitcoin started the week with momentum, driven by the US-China trade deal that pushed its price to just under $106. However, the cryptocurrency failed to sustain the advance and quickly fell back to the $101 region.

Despite the selling pressure, buyers managed to prevent the asset from breaking the psychological support of $100. The positive reaction led BTC to touch $105 on Thursday, but a new correction dropped the price to a narrower range, between $102.500 and $104, where it has remained since then.

Over the past 24 hours, the movement has been characterized by small variations within this price range, with Bitcoin now approaching the top of the range. The cryptocurrency's market cap remains above $2,05 trillion, while its dominance over altcoins has advanced 0,5% to reach 60,4%.

Meanwhile, altcoins are showing a strong correction. Ethereum has fallen below $2.500, recording losses of nearly 3% on the day. Dogecoin has also suffered, with a similar drop, and tokens such as Shiba Inu and Chainlink have fallen by more than 4%.

The negative highlight was Pi Network. The PI token fell 20% in a single day and is now trading below US$0,70, signaling strong selling pressure in the market.

Other large-cap altcoins also trading in the red include PEPE, Uniswap, Ondo, AAVE, NEAR, Aptos, and more. The widespread pullback has contributed to a significant drop of around $70 billion in the total cryptocurrency market cap, which now stands at around $3,4 trillion.