Bitcoin managed to outperform the opposite main international belongings, such because the inventory market, equities, treasuries and valuable metals, regardless of the latest crypto market correction coinciding with the two-month debt suspension interval in the US.
Bitcoin’s (BTC) worth is at the moment 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 Professional information 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 valuable metals, in accordance with Bloomberg information 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 put up.
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 accordance with 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 financial cuts, no Fed put. Recession fears are popping up,” the analyst advised Cointelegraph.
Associated: Bitcoin experiencing ‘shakeout,’ not finish of 4-year cycle: Analysts
Bitcoin ETFs log greatest 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 information reveals.
ETF investments performed a serious function in Bitcoin’s 2024 rally, contributing roughly 75% of recent funding as Bitcoin recaptured the $50,000 mark on Feb. 15.
Associated: Rising $219B stablecoin provide indicators mid-bull cycle, not market prime
Whereas Bitcoin might even see extra draw back volatility on account of international commerce warfare issues, it’s unlikely to see a big decline beneath the present ranges, in accordance with Gracy Chen, CEO of Bitget.
Chen advised Cointelegraph:
“I do not see BTC falling beneath 70k, probably $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 assume.”
Different business leaders are additionally optimistic about Bitcoin’s worth trajectory for the remainder of 2025, with worth predictions starting from $160,000 to above $180,000.
Journal: SCB suggestions $500K BTC, SEC delays Ether ETF choices, and extra: Hodler’s Digest, Feb. 23 – March 1
