Bitcoin manages other major global properties, such as stock markets, equities, treasury and precious metals, despite recent Crypto market correction that coincides with the two-month debt suspension in the United States.
Bitcoin’s (Btc) Price is currently decreasing 23% from full time high over $ 109,000 recorded on January 20, on US President’s Day Inauguration by Donald TrumpCointelegraph markets Pro Data displays.
Despite the recent decline, Bitcoin is still neglecting all the major segments of the market, including stock market, equities, US treasury, real estate and precious metals, according to Bloomberg data shared by Thomas Fahrer, the co-founder of Apollo Sats.
BTC/USD, 1-year chart. Source: Cointelegraph
“Even with pulling back, Bitcoin is still changing every other election to posting posts,” Fahrer wrote on a March 18 x x Post.
Post-Trump administration performance performance. Source: Thomas driver
Despite the premature concerns of the Bear Market Cycle, Bitcoin’s retirement of $ 76,000 remains part of an organic “correction within a bull market,” according to Aurelie Barthere, chief analyst of research on the Nansen Crypto Intelligence Platform.
“We are in a correction within a bull market: stocks and cryptos are realized and priced at a time of tariff uncertainty and fiscal cuts, without feeding fears of retreat.
Related: Bitcoin is experiencing ‘shakeout,’ not the end of the 4 -year cycle: Analysts
Bitcoin ETFS has been logging the largest sunny flow from February
The US area Funds exchanged by Bitcoin Exchange (ETFs) are starting to see positive net -day -to -day flow, which can bring more reversed momentum for the first cryptocurrency in the world.
Spot bitcoin etf net inflows. Source: Socal
The US Bitcoin ETF recorded more than $ 274 million worth of combined Net Inflows on March 17, which marked the highest investment day since February 4, when Bitcoin traded above $ 98,652, Socal Data displays.
ETF investment Played a key role in the 2024 Bitcoin rallycontributing to approximately 75% of the new investment while Bitcoin won the $ 50,000 mark in Feb. 15.
Related: Rising $ 219B Stablecoin Supply Signals Mid-Bull Cycle, Not Market Top
While Bitcoin may see more volatility of volatility due to concerns in the global trade war, it is not likely to see a significant decline below the current levels, according to Gracy Chen, CEO of Bitget.
Chen said to cointelegraph:
“I don’t see BTC falling below 70k, maybe $ 73k- $ 78k a solid time to get in for any consumer on the fence.
Other leaders of the industry will also optim from $ 160,000 In More than $ 180,000.
https://www.youtube.com/watch?v=puxcqdo30Jo
Magazine: SCB Tips $ 500K BTC, SEC Densterns Ether ETF Options, and More: Hodler’s Digest, Feb. 23 – March 1
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