Bitcoin managed to outperform the opposite main international property, such because the inventory market, equities, treasuries and treasured metals, regardless of the latest crypto market correction coinciding with the two-month debt suspension interval in the USA.
Bitcoin’s (BTC) worth is presently down 23% from its all-time excessive of over $109,000 recorded on Jan. 20, on the day of US President Donald Trump’s inauguration, Cointelegraph Markets Pro knowledge reveals.
Regardless of the latest decline, Bitcoin nonetheless outperformed all main international market segments, together with the inventory market, equities, US treasuries, actual property and treasured metals, in response to Bloomberg knowledge shared by Thomas Fahrer, the co-founder of Apollo Sats.
BTC/USD, 1-year chart. Supply: Cointelegraph
“Even with the pullback, Bitcoin nonetheless outperforming each different asset put up election,” wrote Fahrer in a March 18 X post.
Asset efficiency post-Trump administration takeover. Supply: Thomas Fahrer
Regardless of issues over the untimely arrival of the bear market cycle, Bitcoin’s retracement to $76,000 stays a part of an natural “correction inside a bull market,” in response to Aurelie Barthere, principal analysis analyst on the Nansen crypto intelligence platform.
“We’re nonetheless in a correction inside a bull market: Shares and crypto have realized and are pricing in a interval of tariff uncertainty and monetary cuts, no Fed put. Recession fears are popping up,” the analyst instructed Cointelegraph.
Associated: Bitcoin experiencing ‘shakeout,’ not end of 4-year cycle: Analysts
Bitcoin ETFs log largest every day inflows since February
The US spot Bitcoin exchange-traded funds (ETFs) are beginning to see constructive internet every day inflows, which can convey extra upside momentum for the world’s first cryptocurrency.
Spot Bitcoin ETF internet inflows. Supply: Sosovalue
The US Bitcoin ETFs recorded over $274 million value of cumulative internet inflows on March 17, marking the very best day of investments since Feb. 4, when Bitcoin was buying and selling above $98,652, Sosovalue knowledge reveals.
ETF investments played a major role in Bitcoin’s 2024 rally, contributing roughly 75% of latest funding as Bitcoin recaptured the $50,000 mark on Feb. 15.
Associated: Rising $219B stablecoin supply signals mid-bull cycle, not market top
Whereas Bitcoin may even see extra draw back volatility as a result of international commerce conflict issues, it’s unlikely to see a major decline under the present ranges, in response to Gracy Chen, CEO of Bitget.
Chen instructed Cointelegraph:
“I do not see BTC falling under 70k, presumably $73k – $78k which is a strong time to enter for any patrons on the fence. Within the subsequent 1-2 years, BTC at $200k isn’t as far-fetched as most would suppose.”
Different business leaders are additionally optimistic about Bitcoin’s worth trajectory for the remainder of 2025, with worth predictions ranging from $160,000 to above $180,000.
Journal: SCB ideas $500K BTC, SEC delays Ether ETF choices, and extra: Hodler’s Digest, Feb. 23 – March 1
