Bitcoin's price experienced significant volatility, reaching a peak of $107,000 before dropping to around $102,000 within a 24-hour period. This movement led to over $600 million in crypto liquidations, affecting both long and short positions across various cryptocurrencies including Ethereum, Solana, and Dogecoin. The volatility in Bitcoin's price comes amidst broader market uncertainty, influenced by macroeconomic factors such as Moody's downgrade of the U.S. credit rating and resurfacing inflation fears following mixed economic data. The downgrade also pushed U.S. 30-year treasury yields above 5%, contributing to a weaker U.S. dollar which may have supported Bitcoin's rally. Institutional interest in Bitcoin remains strong, with companies like MicroStrategy and Metaplanet significantly expanding their Bitcoin holdings. MicroStrategy, led by Michael Saylor, added 7,390 BTC worth $764.9 million, bringing its total to 576,230 BTC with unrealized gains of nearly $19 billion. Meanwhile, Metaplanet purchased 1,004 BTC for approximately $104.6 million, increasing its holdings to 7,800 BTC and aiming to reach a 10,000 BTC milestone by the end of 2025. MicroStrategy faces legal challenges from shareholders over its Bitcoin strategy, while Metaplanet's stock has outpaced major companies like Toyota following its Bitcoin purchases.