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Bitcoin has dropped 23% from its all-time high of over $109,000 on January 20, the day of Donald Trump’s inauguration.

Despite the pullback, it continues to outperform equities, US treasuries, real estate, and precious metals.

Thomas Fahrer, co-founder of Apollo Sats, noted on March 18 that “Bitcoin is still outperforming every other asset since Trump’s administration took over.”

Bloomberg data also shows Bitcoin remains a leader among major market segments post-election.

The decline comes amid concerns over a bear market, global trade uncertainty, and the US debt suspension.

However, Nansen analyst Aurelie Barthere sees the retracement to $76,000 as part of a larger bull market correction.

“Markets are pricing in the possibility of tariff uncertainty and fiscal cuts, with recession fears increasing,” she added.

Bitcoin ETFs continue to see strong inflows, with $274 million recorded on March 17—the highest since February 4, when Bitcoin traded above $98,652.

ETFs have played a key role in Bitcoin’s 2024 rally, accounting for 75% of new investment.

Bitget CEO Gracy Chen remains bullish, predicting Bitcoin won’t fall below $70,000 and could trade between $73,000 and $78,000, calling it an “ideal entry point.”

She also believes Bitcoin could hit $200,000 in one to two years, while industry projections range from $160,000 to $180,000 by 2025.




https://www.vanguardngr.com/2025/03/bitcoin-holds-strong-despite-23-correction-as-experts-predict-could-hit-200k/