Bitcoin outperformed other global assets such as stocks, bonds, and precious metals despite recent corrections in the crypto markets coinciding the suspension of debt in the United States for two months.
Bitcoin’s (BTC) Price is down by 23% from the all-time record high price of $109,000 on January 20, when US President Barack Obama was inaugurated. Donald Trump’s inaugurationCointelegraph Markets Pro Data shows
Thomas Fahrer (co-founder of Apollo Sats) shared Bloomberg data showing that despite the recent drop, Bitcoin continues to outperform all global major market segments including stocks, US Treasuries and real estate.
BTC/USD, 1-year chart. Source: Cointelegraph
“Even with the pull back, Bitcoin still outperforming every other asset post election,” Driver wrote in an 18th March X post.
Performance of assets after Trump administration. Source: Thomas Fahrer
Bitcoin’s recent retracement of $76,000 is part of a natural organic growth. “correction within a bull market,” Aurelie BARTHER, principal researcher at Nansen’s crypto intelligence platform.
“We are still in a correction within a bull market: Stocks and crypto have realized and are pricing in a period of tariff uncertainty and fiscal cuts, no Fed put. Recession fears are popping up,” The analyst spoke to Cointelegraph.
Related: Bitcoin experiencing ‘shakeout,’ not end of 4-year cycle: Analysts
Bitcoin ETFs see biggest daily inflows for the first time since February
US Spot Bitcoin exchange-traded funds ETFs are beginning to show positive net daily flows, and this may lead to more upward momentum for the first cryptocurrency in history.
Spot Bitcoin ETF net inflows. Source: Sosovalue
Bitcoin’s price reached $98,652 on February 4th, the day when US Bitcoin ETFs received their largest net investments. Sosovalue Data shows
ETFs played a major role in Bitcoin’s 2024 rallyBitcoin has regained $50,000 on Friday, February 15, contributing to approximately 75% new investments.
Related: Rising $219B stablecoin supply signals mid-bull cycle, not market top
Gracy Chen is the CEO of Bitget. She says that while Bitcoin could see more volatility in its price due to concerns about global trade wars, there will be no significant drop below current levels.
Chen tells Cointelegraph
“I don’t see BTC falling below 70k, possibly $73k – $78k which is a solid time to enter for any buyers on the fence. In the next 1-2 years, BTC at $200k isn’t as far-fetched as most would think.”
Bitcoin price forecasts from industry experts are also positive about the future of Bitcoin. ranging from $160,000 You can also find out more about the following: above $180,000.
Magazine: SCB tips $500K BTC, SEC delays Ether ETF options, and more: Hodler’s Digest, Feb. 23 – March 1
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Source: cointelegraph.com
