Bitcoin has outperformed other significant global assets, including the stock market, equities, treasuries, and precious metals, even amidst the recent corrections in the crypto market that coincided with the two-month debt suspension period in the United States.
Currently, Bitcoin (BTC) is down 23% from its peak of over $109,000, which was reached on January 20, the day of US President Donald Trump’s inauguration, according to data from Cointelegraph Markets Pro.
Despite this recent drop, Bitcoin continues to surpass all major global market categories, such as the stock market, equities, US treasuries, real estate, and precious metals, as highlighted by Bloomberg data shared by Thomas Fahrer, co-founder of Apollo Sats.
BTC/USD, 1-year chart. Source: Cointelegraph
“Even with the dip, Bitcoin is still outperforming every other asset since the election,” Fahrer mentioned in a post on X on March 18.
Asset performance following the Trump administration takeover. Source: Thomas Fahrer
Amid worries about an early onset of the bear market cycle, Bitcoin’s drop to $76,000 is viewed by Aurelie Barthere, principal research analyst at Nansen crypto intelligence, as part of a natural “correction within a bull market.”
“We remain in a correction within a bull market: Stocks and crypto have acknowledged and are adjusting to a phase of tariff uncertainty and fiscal reductions, without a Fed safety net. Fears of recession are surfacing,” the analyst explained to Cointelegraph.
Related: Bitcoin undergoing ‘shakeout,’ not the conclusion of a 4-year cycle: Analysts
Bitcoin ETFs Experience Largest Daily Inflows Since February
The US spot Bitcoin exchange-traded funds (ETFs) are beginning to see positive net daily inflows, potentially providing upward momentum for the first cryptocurrency.
Spot Bitcoin ETF net inflows. Source: Sosovalue
On March 17, US Bitcoin ETFs recorded cumulative net inflows exceeding $274 million, marking the highest investment day since February 4, when Bitcoin was valued above $98,652, according to Sosovalue data.
Investments in ETFs have significantly contributed to Bitcoin’s rally in 2024, accounting for roughly 75% of new investments as Bitcoin reclaimed the $50,000 threshold on February 15.
Related: Increasing $219B stablecoin supply indicates mid-bull cycle, not market peak
While Bitcoin may encounter additional volatility due to global trade war tensions, a significant decline below current levels is deemed unlikely by Gracy Chen, CEO of Bitget.
Chen stated to Cointelegraph:
“I don’t foresee BTC falling below $70,000, possibly between $73,000 – $78,000, which presents a great entry point for potential buyers. In the next 1-2 years, the prospect of BTC reaching $200,000 isn’t as unrealistic as many might believe.”
Other industry experts are also optimistic about Bitcoin’s price trajectory for the remainder of 2025, with forecasts ranging from $160,000 to above $180,000.
Magazine: SCB projects $500K BTC, SEC delays Ether ETF decisions, and more: Hodler’s Digest, Feb. 23 – March 1
