Bitcoin (BTC) has retreated to the $65,000 mark, according to Coinnise market monitoring. The cryptocurrency is currently trading at $64,919.01 based on Binance's USDT market. This dip comes after a period of steady growth for BTC, which had seen the price rise to a new all-time high of over $67,000 earlier this week. However, the market has since cooled, and BTC has given back some of its recent gains. It is unclear what caused the sudden drop in BTC's price. However, some analysts believe that it may be due to profit-taking by investors who had bought the cryptocurrency at a lower price. Others believe that the dip may be a sign that the market is cooling down after a period of rapid growth. Despite the recent dip, BTC remains up over 100% year-to-date. The cryptocurrency has benefited from a surge in institutional investment in recent months, and many analysts believe that it has the potential to continue to grow in the long term.