Bitcoin outperformed other major global assets, including the stock market, equities, the Treasury and precious metals, despite the recent crypto market corrections coinciding with a two-month debt suspension period in the US.
Bitcoin (BTC) prices are currently down 23% from the all-time high of over $109,000 recorded on January 20th on President Donald Trump's inauguration day, Cointelegraph Markets Pro Data shows.
Despite the recent decline, Bitcoin still outperformed all major global market segments, including stock markets, stocks, the US Treasury, real estate and precious metals, according to Bloomberg data shared by Apollosatsu co-founder Thomas Farrer.
BTC/USD, 1 year chart. Source: Cointelegraph
“Even if it's pulled back, Bitcoin is outweighing all other assets since the election,” wrote Farrar in the X-Post on March 18th.
Asset Performance Acquisition after Trump management. Source: Thomas Fahrer
Bitcoin's retracement to $76,000 remains part of the organic “correction,” according to Aurelie Barthere, a leading research analyst at Nansen Crypto Intelligence Platform.
“We are still being revised within the bull market, with stocks and cryptos realising and priced during periods of tariff uncertainty and fiscal cuts.
Related: Bitcoin experiencing “shakeout” not the end of the 4-year cycle: Analyst
Bitcoin ETF has recorded its biggest daily inflow since February
US Spot Bitcoin Exchange Trade Funds (ETFs) are beginning to see the daily influx of positive nets.
Spot Bitcoin ETF online inflow. Source: SosoValue
The US Bitcoin ETF recorded a cumulative net inflow of over $274 million on March 17, marking its highest investment day since February 4, when Bitcoin was trading above $98,652.
ETF Investments played a major role in Bitcoin's 2024 rally, donating about 75% of its new investments as Bitcoin recaptured the $50,000 mark on February 15th.
Related: Central cycle of $21.9 billion stubcoin supply signal, not at the top of the market
Bitcoin could see more shortcoming volatility due to concerns about the global trade war, but it's unlikely to drop significantly below current levels, according to Gracy Chen, Bitget CEO.
Chen told the Cointelegraph:
“We don't see BTC falling below 70K. Perhaps $73K-$78K is a solid time to join fence buyers. Over the next year or two, BTC isn't as far away as most people think.”
Other industry leaders are also optimistic about the price trajectory for the remainder of Bitcoin for 2025, with price forecasts ranging from $160,000 to over $180,000.
https://www.youtube.com/watch?v=puxcqdo30jo
Magazine: SCB Tips $500K BTC, Sec Delays Ether ETF Options, etc.: Hodler's Digest, February 23rd – March 1st